HLTHAGE 1BB3 Lecture Notes - Lecture 1: Old Age Security, Canada Pension Plan, Pension
14 Nov 2016
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Work in late life: week 10 lecture 1. Would work for as long as they could. Our son-in-law peder will pay to us for the farm gentofte once and for all 100 rigsdaler. We reserve the use of the older large house and peder will build a new one for himself. Care and maintenance with woolens, linens and cleanliness. Urbanization, assembly line production, concerns with efficiency, de-skilling of the workforce, mandatory retirement, and high job turnover. Workplace hierarchy- the longer you stayed with the company you acquired seniority (downside: cost of the worker increases) Employer-based private pension plans- enticed people to stay for a long period of time. First government attempt to institute a pension system. Personal savings investment plan that was administered by the government. Plan was designed for younger workers to encourage retirement savings. It did not help out those who were already old and in need of financial assistance.
