HLTHAGE 1BB3 Lecture Notes - Lecture 6: Pension, Old Age Security, Olot People
15 Jan 2016
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Document Summary
1bb3 work and retirement in later life. Identity, meaning, social status, role, satisfaction, source of income. A social institution lots of our society is geared around retiring. A social role retired or older people may not be viewed well, as invaluable, etc. Retirement principle the idea that at a fixed age, regardless of mental or physical ability, a person leaves work. Retirement wage a pension paid by the state to support all older workers (not in labour force) Pension availability: eligibility for government income programs (old age security, guaranteed income supplement) Poor health is an involuntary push into early retirement. In 2002, stats can reported that only 10. 5% of men and 3/7% of women aged 65+ continued to work. Between 2001-2009, the proportion of people in the labour force aged 55 and over rose from 10% to 17%. The first baby boomers reached the age of 55 in 2001. Average age of retirement for canadian workers is now 62.
