HLTHAGE 1BB3 Lecture Notes - Lecture 10: Social Forces, Canada Pension Plan, Old Age Security
Document Summary
Objectives: to discuss, the importance of retirement and work in later life, trends, concepts, issues. Importance of work: identity, meaning, social status, role, satisfaction, source of income, retirement can be viewed as, a social institution, a social role, a process, a phase of life. Institutional form of retirement: is a function of numerous factors, population aging, the state of the economy, historical events (depression, recession, war, pressures from various interest groups (unions, support from employers, employees and government. Concepts: retirement principle, the idea that a xed 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 labor force) Factors leading to retirement: social forces, if there are mandatory retirement rules, pension availability, eligibility for government income programs (old age security, guaranteed income. Supplement: most positive societal attitudes towards retirement, personal conditions/factors, poor health, attitudes towards work (less attached, financial situation.