AHSS*3040 Study Guide - Final Guide: Pension, Job Sharing, History Of Arda
Document Summary
Retirement principle: idea that a person leaves work at a fixed age, regardless of physical or mental ability. Retirement wage: pension paid by the state to support all older people. Citizens wage: government pension tied to age but not to earnings; provides economic security. Retirement became a social institution b/c it was supported by employers, employees, unions and government. Employer: retire older skilled workers and hire younger less skilled ones at lower wages. Employees: allowed older workers to leave workforce gracefully. Unions: seniority rights to people under age of retirement. Old age pension act (1927): encouraged retirement, provide basic income to poor older people and open up jobs for younger people. No federal law in canada forces a person to retire at age 65 and no statue requires them to leave work at a certain age (except where a legit occupational condition would require it) Outdated policy due to longer life expectancy, better health, less manual labour, older workers expertise.
