Friday, May 23, 2008

Retirement Age

The employers will someday reach their age limit in doing their jobs. This condition, like or dislike, will happen to all the employers from any kind of job level. They will reach the end of their career. According to online Wikipedia, this kind of situation, called retirement, is the point where a person stops employment completely. The retirement age varies in one and another country and there are also some differences of the retirement age for some kind of jobs. The average of retirement age nowadays is between 55 and 70 (Anon. en.wikipedia.org/wiki/Retirement). But, in my opinion, the retirement age should be determined by looking at the condition of the country and the employer’s condition.

The retirement age is, of course, different in one and another country. For example, in Indonesia, the average of retirement age is between 55 and 60 (Ma’moen. 2003:3). In the United States, the average of people will retire when they reach 65 years old. In India, the average of retirement age is between 58 and 60 years (Anon. en.wikipedia.org/wiki/Retirement). What makes the differences between one and another country, I think, is because the different condition of each country. Indonesia and also India, which are still the developing countries, have more population than the United States. The number of people in productive age is more than the people in the age upper 50. On the contrary, in the United States, the number of young and old generation is almost the same. So, I think this is why the retirement age in Indonesia and India is younger than in the United States.

The retirement age is also influenced by the employer’s condition. If they are still healthy, although they have reached upper 50, I think it does not matter if they still work in their company. But, when their physical condition is not good enough, I think is better for them to retire.

In conclusion, the appropriate age to retire depends on the country and the employer’s condition. In the countries which have the equal ratio of productive and non productive people, as long as the employers are still healthy and productive enough, I think it does not matter for them to work although they have reached upper 50. But in developing countries, such as Indonesia and India, the retirement age should be limited between 60 and 65. It is because we have to give the opportunities for young generation to work. It also means that the number of unemployment in developing countries will reduce in the future.


References:
Ma’moen, M. (2003). Menghadapi Masa Pensiun dengan Senyum. Bandung: Yayasan Kusumah

Retirement. (2008, May 13) [Online article]. Retrieved May 22, 2008 from the World Wide Web:
http://en.wikipedia.org/wiki/Retirement


Fida Farhana (16107063)

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