Class Notes (838,703)
Canada (511,052)
Gerontology (160)
GRT2100 (121)
Lecture

8. Retirement.docx

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Department
Gerontology
Course
GRT2100
Professor
Louise Edmonds
Semester
Fall

Description
RetirementLife ExpectancyLife Expectancy the number of years at birth an average person can expect to liveMaximum Life Span the maximum number of years a member of a species can live 110125 years Delayed Retirement The employment rate of Canadians 55 has increased from 305 1997 to 394 for men and from 158 to 286 for womenTrend started in the mid 1990sExpected working life has increased by approximately three years since 1997Average retirement age in Canada in 62 years If people are living to be over 100 years old they essentially will be living close to 13 of their life retired Many seniors keep working because they dont want to spend this much time retired they are healthy enough to keep working and want this daily activityWhy the DelayBoomers are more highly educatedDenied benefit pension plans is on a downward trendThe expected ti
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