Health Sciences 2711A/B Lecture Notes - Lecture 7: Old Age Security, Canada Pension Plan, Pension
2 Mar 2016
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Textbook- focus on overlap, second part of chapter, retirement and what happens after retirement. Y axis means time, black is men 65-69 (maybe before they retire. Year 2000 is critical point, ever since, we"ve seen general trend of decrease, then the. Women from aged 65-59, less than 10%, trending towards somewhere near 15% or so, seeing this. Money- can"t afford to retire so i"m going to keep working. Linked to financial issues- changes in employer pension plans, less support from employers, live in a way where you don"t expect an employer pension. Cases in us in particular, companies like united airways dropped the pension plan, so older adults don"t have safety net that they were previously counting on. Makes it easier to stay longer in their positions if it"s less physical, changing nature of the work is a reason why people would want to stay. Illegal to fire or not employ workers on basis of age.
