SOC375 Chapter Notes - Chapter 9: Ageism, Work Group, Mandatory Retirement

• School: University of Alberta
• Department: Sociology
• Course: SOC375
• Professor: Kwame Boadu

Document Summary

Most canadians retire at age 65 or earlier: few work after age 70 shows that retirement has become a normative life event. Gerontologists view retirement from 2 points of view as a social institution and as a personal experience. Retirement as a social institution: the origins of retirement. In general, tend to promote efficiency in every way. Retirement served both unions and employers: it limited seniority rights to people under the age of retirement and allowed companies to let older workers go. Compared with today, few people retired in the past. I(cid:374) ti(cid:373)e, o(cid:272)ial e(cid:272)urit(cid:455), a(cid:374)d later ca(cid:374)ada"s pu(cid:271)li(cid:272) pe(cid:374)sio(cid:374) s(cid:455)ste(cid:373), set a (cid:374)e(cid:449) goal for public pensions pro(cid:373)ised to (cid:373)ake up for a retiree"s lost i(cid:374)(cid:272)o(cid:373)e. Government now plays the major role in guaranteeing pensions to older retirees public pensions and transfer payments act as a deferred wage because people pay into the programs through taxes and payments to the.