Retirement age

Retirement age refers to the age at which an individual, usually in the labor force, ceases employment and, in some cases, stops receiving a paycheck. The retirement age differs depending on the country, with some adopting a fixed and mandatory age while others allow employees to retire at a flexible age. Many factors contribute to the decision of retirement age, including financial resources, health status, family responsibilities, and personal preferences. Increasingly, the concept of retirement age is being redefined as more people continue to work past the traditional retirement ages, with governments, businesses, and individuals looking to adapt to the changing workforce.

This mind map was published on 12 June 2023 and has been viewed 68 times.