Saturday, May 24, 2008

Retirement at 65?

The standard of retirement age is something that is uncertain in this world, because of the various life expectancy among the countries and the different morale standards. But seeing the trend of increasing average life span throughout the nations and improvements on many kinds of facilities, the age 65 seems appropriate as a retirement age.

For most of the existing jobs, experience is one of the keys to succeed. And people of the age of fifties are often on their peak of their wit and wisdom due to the experience they gain throughout their mature age, which is the forties and thirties. By letting people to work in their fifties and early sixties, means giving them the chance to shine and excel in their career and thus improving their life qualities and allowing them to have a better life after retirement.

It is actually really sensible setting the retirement age on 65 years old, because the world’s average life span is increasing. This increase is the effect of better healthcare facilities, better food distribution and more effective food production, and better sanitation (Rincon, 2005). This increase of average lifespan means that there will be an increase of the number of older people because people just tend to live longer. This way the retirement age standard of 65 years old does not seem very old, and feels quite justifiable.

Furthermore, there are many facilities that make it easier for people in their fifties to go to work without compromising their health. Transportation vehicles are abundant on the streets, healthcare are affordable, and healthy living is loudly being campaigned everywhere. So people have less risks of getting sick due to illness or fatigue because of their job.

In conclusion, age 65 cannot be seen as too old for a standard of retirement age, because people still got plenty of years to live in retirement if their lifespan are referred to their country’s average. Many kinds of facilities also make working easier for older people such as those who are in their fifties. And also people are really in their best mental condition when they are on their fifties.


References:

Anonymous. (2008)The Retirement Age Act. [Online article]. Retrieved May 22, 2008 from the World Wide Web: http://www.mom.gov.sg/publish/momportal/en/communities/workplace_standards/employment_standards/The_Retirement_Age_Act.html#wbr

Rincon, Paul. (2007) Retirement Age ‘Should Reach 85’. [Online article]. Retrieved May 22, 2008 from the World Wide Web: http://news.bbc.co.uk/2/hi/americas/4726300.stm

Weller, Christian E. (2005) Raising the Retirement Age. [Online article]. Retrieved May 22, 2008 from the World Wide Web: http://www.epi.org/content.cfm/briefingpapers_raisingretirement_raisingretirement


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