Retirement Plans Without Loss Retirement Benefits Essay
Changes in retirement today compared to the past have people living beyond the traditional life expectancies. They are more active than the past and looking to combine the transition of working and leisure through extensive pre-planning as they move into this phase of living. As this growing population consumes the current retirement distributions, globally we see governments seeking reforms to increase the retirement age eligibility.
There is a need to update the systems and develop opportunities for this maturing segment to stay active in contributing to portions of their own lifestyles. The process would allow this generation to remain productive helping to offset the declining working populations, which in the past have been the major contributors of retirement plans without loss retirement benefits. At the same time, government and employers are researching flexible methods for retaining productive workers, while sharing retirement contribution for benefits through transitional steps into to full retirement.
1. General View Of Retirement
The history along with government policy have been the primary drivers to changes affecting retirement systems in all of these…