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Retirement in sentence

671 examples of Retirement in a sentence

Greater longevity poses no threat to economic growth or pension-system sustainability as long as average retirement ages rise accordingly.
And those who are nearing retirement know that they are unlikely to lose their jobs in an uncompetitive economy.
Significant improvement is needed in mentoring, parental leave, childcare, and elder care, as well as more gender-equal retirement and pension schemes.
Many retirement systems rely heavily on a pay-as-you-go (PAYG) philosophy.
Rather than forcing each generation to pay for its own retirement, benefits paid to today's pensioners are financed by contributions from the young.
Alternatively, the number of working years required to qualify for a full retirement benefit can be increased.
Many experts advocate raising the official retirement age as an efficient tool, because it would-in theory, at least-increase the pool of contributors while shrinking the pool of benefit recipients.
What actually happens is that the average retirement age is sometimes noticeably lower than the earliest eligible age for the normal retirement system.
Individuals respond to the incentives created by the variety of early-retirement and retirement programs.
The accessibility of early retirement varies widely across different countries and different sectors.
While paths to retirement as early as age 50 exist in some countries, in others the lowest eligible age is much higher.
Recent studies show that financial incentives to promote earlier retirement are sometimes powerful, so much so that continuing to work becomes a prohibitively expensive.
This type of extreme financial incentive is particularly true in some countries like Belgium or the Netherlands with easily accessible early retirement schemes - schemes which, to boot, often fail to adjust benefit levels to offset their longer duration.
It is argued that early retirement systems cater to needs that are different from those addressed by traditional PAYG schemes.
Many European governments used compulsory early retirement to push down the unemployment rate, effectively reducing the number of applicants for any given job by ridding the labor market of older, more expensive workers.
However, early retirement schemes also imply tremendous-and often neglected-costs for government budgets and the pension systems by increasing benefit payments while reducing contributions.
But even leaving aside the fiscal implications, many labor economists now believe that early retirement has failed to open up jobs for young people and reduce unemployment rates.
Early retirement policies everywhere stand in clear need of reform.
It is illogical to continue subsidizing a compulsory exit from the labor force while simultaneously trying to safeguard public retirement systems in the face of tremendous demographic challenges.
It is all the more irrational in view of the rather modest effects early retirement plans have on unemployment in general, and on youth unemployment in particular.
But reform should not be confined to public retirement systems.
Instead, change must be comprehensive and include an overhaul of the myriad pathways to early retirement.
An increase in the official retirement age - currently close to 65 in most countries - is pointless to the extent that many people no longer exit the labor force directly into official retirement systems.
In Belgium, for example, only one-third of men exit the labor force directly to one of the public retirement systems.
The rest pass through some type of early retirement scheme.
Tightening the rules governing accessibility to different early retirement systems is more likely to be effective than raising the "official" retirement age.
But reform of early retirement rules should not completely cut off access to social insurance programs before, say, age 60.
The long-run deficit, health-care financing, and global warming, no less than securing retirement income and enabling educational opportunity, were issues on which bipartisan progress and agreement should have been easily attained.
Logically, therefore, individuals need to save much more to guarantee their income in retirement.
Individuals may have come to value future consumption, in retirement, over current consumption – the reverse of the traditional relationship.
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