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Retirement Essays (Examples)

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Interview Two Retirees
Words: 650 Length: 2 Pages Document Type: Essay Paper #: 3772593
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etirement Interview Analysis

etirement is a period of life only made possible for large numbers of people by virtue of the tremendous improvement in human health in the last century. Prior to that, life expectancy for the average person was not much greater than their professionally productive years. Today, many people look forward to several decades of retirement after they leave the workforce. In many respects, the quality of life after retirement is a function of staying active and involved rather than withdrawing from active life (Ekerdt, 1986). In other respects, a fulfilling retirement is a function of advance planning, especially with respect to financial matters to ensure that retirement income is sufficient for the retirement lifestyle or plans of the individual.

Analysis of Interview Subject #1

This subject is a 74-year-old man who retired from a career in law enforcement at the age of 52 after working as a…


Ekerdt, D.J. "The Busy Ethic: Moral Continuity between Work and Retirement." The

Gerontologist, Vol. 26, No. 3; (1986): 239-244.

Gerrig, R, and Zimbardo, P. (2009). Psychology and Life. New York: Allyn & Bacon.

Schmalleger, F. (2009). Criminal Justice Today: An Introductory Text for the 21st

Advice Soa Financial Planning Purpose of This
Words: 3385 Length: 11 Pages Document Type: Essay Paper #: 31204884
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Advice (SOA): Financial Planning

Purpose of this document is to prepare a statement of advice (SOA) on the financial planning for David Smith and Brenda Smith to achieve their financial goals. The advice is to communicate important information to clients in order to make informed decision about their financial portfolios. This document is a Statement of Advice or 'SOA' used to explain my advice, and highlights the important points. Please, be sure to read all sections of the SOA.

Summary of my Advice

I recommend that you sell your shares and reinvest the funds in the managed funds, which will assist you to get a return between $17,000 and $29,000 a year. Moreover, I recommend that you invest 60% of your superannuation in the managed funds. I carefully choose the categories of the managed funds that you could invest your money. Based on my recommendation, you are likely to get…


Australia Government (2010).Investment Management Industry in Australia. Australian Trade Commission.

Garrett, S.(2008). The Benefits of Mutual Fund Investment in an Uncertain Economy. (Second Edition). Wiley Publication.

InvestSmart.(2013).Top performing Managed Funds. InvestSMART Financial Services Pty Ltd.

Investing (2013).Australia - Government Bonds. Fusion Media Ltd.

Aging and the Elderly The
Words: 2421 Length: 8 Pages Document Type: Case Study Paper #: 54480525
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The gradual decrease in income, eventual dependency on other people and the government for financial resource, lack of activities to do, and the onset of physical and/or physical limitations as a result of aging are known causes of frustration, stress, and even depression among elderly people who have retired (Blekesaune and Solem, 2005, p. 80). In the case of Mrs. a, she has not experienced these negative feelings or emotions as she had been flexibly and intermittently engaging herself in house-, family- and community-related pursuits. However, she did admit that her husband's death had been a pivotal point in her life, when she felt that she, too, must be with her husband because, as far as she is concerned, she has already accomplished what she was supposed to do as a "wife, mother, and woman."

Interestingly, with Mrs. a, work and retirement is not the conventional kind of retirement one…


Bassuk, S. (2002). "Socioeconomic status and mortality among the elderly: findings from four U.S. communities." American Journal of Epidemiology, Vol. 155, No. 6.

Blekesaune, M. And P. Solem. (2005). "Working conditions and early retirement: a prospective study of retirement behavior." Research on Aging, Vol. 22.

Kilminski, a. (2007). "Cumulative index of health disorders as an indicator of the aging-associated processes in elderly." Mech. Ageing Development, Vol. 128, No. 3.

Maciejewski, P. (2007). "An empirical examination of the stage theory of grief." Journal of American Medical Association, Vol. 297, No. 7.

Asset Allocation and Industry Sectors There Are
Words: 956 Length: 3 Pages Document Type: Essay Paper #: 68042105
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Asset Allocation and Industry Sectors:

There are several economic concepts that affect an individual's daily finances and investments such as asset allocation and industry sectors. Asset allocation is primarily described as the manner with which an individual divides his assets among various asset categories like cash, bonds, stocks, and real estate. This fundamental principle also refers to an investment strategy with which an investor can lessen risks through diversification. One of the major goals of asset allocation is that it seeks to balance risk and reward through distributing a portfolio's assets based on a person's goals, investment horizon, and risk tolerance. Notably, the process of determining which combination of assets to retain in a portfolio is usually a very personal one ("Beginner's Guide to Asset Allocation," 2009).

The other common financial term or concept is industry sector where the two words have been used interchangeably to refer to a group…


"Beginners' Guide to Asset Allocation, Diversification, and Rebalancing." (2009, August 28).

Office of Investor Education and Advocacy. Retrieved from U.S. Securities and Exchange Commission website: 

Holden, J.P. (1983). Recent Developments Affecting Multiple Corporations: Sections 304, 306,

and 368. Retrieved from College of William & Mary Law School website:

Employment Law
Words: 389 Length: 1 Pages Document Type: Term Paper Paper #: 76274078
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Mandatory Retirement

The issue of Mandatory Retirement in Ontario is a controversial one. Implemented as a method by which employers may terminate or refuse to employ workers who have reached the "normal age for retirement in similar positions" (DOJ, 2004), the practice was designed to promote safety in certain occupations (those that may involve a compromise to public safety due to age-related performance factors), allow for staff renewal, especially in "tenured" positions, as well as reduce the cost of health care costs for employers. Unfortunately, however, the practice has been extremely detrimental to those workers who do not wish to (or feel that they economically are unable to) retire at 65.

Although there are many issues to consider as to how the Ontario and its economy might be affected by the ending of mandatory retirement, among the most interesting are how the change might impact social and human rights issues.…

Works Cited

Ontario Ministry of Labor. (2004). "Providing Choice:

Consultation Paper on Ending Mandatory Retirement." Retrieved on September 27, 2004, from, 

DOJ. Department of Justice, Canada. (2004). "Mandatory Retirement." Retrieved on September 27, 2004, from,

Retiring Baby Boomer Generation on
Words: 1186 Length: 4 Pages Document Type: Term Paper Paper #: 97978179
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Given the declining ratio of workers to reitirees, the level of increases to fix the shortfall would be too burdensome and would negatively impact consumption of workers who aren't retired.

Reducing the rate of growth in benefits for future retirees could work if implemented in an appropriate manner. An outright reduction in benefits would be too punitive on retirees and would further dampen consumption. Instead, the reduction in benefits would need to be accompanied by a new model called consumerism where consumers have greater accountability for the costs of their healthcare decisions. but, dramatically improved transparency in quality and pricing would be necessary for this model to work. In this way, consumers could shop for healthcare services just as they already shop for other goods and services. This would help healthcare services be more subject to the market forces of supply and demand and would help to contain healthcare costs.…


Cauchon, D. (2005, January 25). Social security gets stretched, strained by long retirements. USA Today. Retrieved at 

CEA memo on Social Security. Retrieved at 

Cohan, P. (2007, October 15). Will baby boomers bankrupt social security? Retrieved at 

Facts on policy: Consumer spending. Hoover Institution. Retrieved at

Finally it Is Asked if
Words: 1145 Length: 4 Pages Document Type: Term Paper Paper #: 82641316
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Also, many counties public pension pogams and/o pensions fo public employees ae inceasingly in peil. The United States is anothe example of that with public pensions getting moe and moe insolvent and thei Social Secuity and Medicae pogams hemohaging money quite quickly with many pundits saying that the pogams will un out of money in 1-3 decades at best. Othe counties like Canada and much of Euope ae having much the same poblem in thei own ways.

Howeve, this study does have a lot going fo it. Fist, they did the study ove an entie decade and they suveyed a lot of people fo the study. Thee wee 25,000 esponses and about 4,500 wee included in the final esults accoding to the "what you should know" section on the fist page of the aticle. The time hoizon and the size of the study ae both vey good in tems of…

references & experiences. Canadian Social Trends, 11(8), 2-7.

Aging There Are Endogenous and
Words: 674 Length: 2 Pages Document Type: Research Paper Paper #: 42672762
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The result will be empirical based on relative individual factors. If both senior and junior workers have to be retrained every year, the senior worker may be the better investment after all. One depressing outcome of this competitive push to reduce retirement-benefit cost by offering short-term, part-time and outsourced employment rather than the traditional career, is an implied peak after which workers become less employable the more expertise they have, such that the slide to senility is marked by lower and lower status jobs, because they earn too much at what they're trained for. Competitive incentive to reduce payroll by getting rid of the highest earners complicates and is driven by the demographic anomoly of the Baby Boomers outnumbering GenX. Electricians and biologists would call this a feedback loop.

The difference may result in a new construct based on why or for whom one works. If work is something we…

Ethical Advantages and Disadvantages of an Appointed
Words: 850 Length: 3 Pages Document Type: Research Paper Paper #: 93076020
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Ethical Advantages and Disadvantages of an Appointed vs. An Elected Judiciary: The Case of Justice Harry L. Carrico

Following more than four decades of noteworthy judicial service, Justice Harry L. Carrico retired simply because he finally became too old to remain on the bench after he turned 70 years old. The valuable service by Justice Carrico is a good example of one of the advantages of an appointed judiciary, but his retirement has raised some questions concerning the ethical advantages and disadvantages of an appointed vs. An elected judiciary. To gain some further insights in this area, this paper provides a review of the article, "Carrico Ending 42 Years On High Court, Virginia's Chief Justice etires After 42 Years of Judicial Service," followed by a summary of the research and important findings in the conclusion.

eview and Discussion

A wide range of appointed and elected approaches are in place for…


Carrico ending 42 years on high court, Virginia's Chief Justice retires after 42 years of judicial service. (2003, January 31). Richmond Times Dispatch.

Dubofsky, J.E. (2007). Judicial performance review: A balance between judicial independence and public accountability. Fordham Urban Law Journal, 34(1), 315-317.

Tarr, G.A. (2007). Designing an appointive system: The key issues. Fordham Urban Law,

34(1), 291-293.

Flying Off Into the Sunset
Words: 3488 Length: 13 Pages Document Type: Term Paper Paper #: 3171584
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Forty years ago, when ALPA still championed the rights of all pilots to remain employed, former ALPA president Clarence Sayen challenged FAA Administrator Elwood Quesada to justify his hasty decision to enact the Rule. Quesada responded with 41 highly questionable articles culled from the medical archives of the 1950's, the majority of these having been published decades earlier. In addition to being astonishingly outdated, these articles described characteristics of the general population and not of airline pilots.

Medical evidence was therefore manipulated. A closer examination of the "facts" would have revealed that there was much that was not applicable to the situation at hand. And if these data were years out of date more than two generations ago, one can only imagine that the picture that they present is even more inaccurate today than it was in 1959. In countless other fields, 60-year-old men and women pursue their careers without…

Works Cited

Agarwal, Naresh C., and Michael G. Degroote. "Retirement of Older Workers: Issues and Policies." Human Resource Planning 21.1 (1998): 42+.

Flight Safety Digest, Special Issue, p. 202. (Flight Safety Foundation, June-August 1999).

Gibbons, Jim. "Gibbons Tells Congressional Committee to Abolish Arbitrary FAA Retirement Age: Nevadan Calls Current Federal Rule, 'Blatant Age Discrimination.'" Press Release, (United States Congress, Washington D.C., 12 March, 2003).

Gokhale, Jagadeesh. "Mandatory Retirement Age Rules: Is it Time to Re-evaluate?" Statement of Senior Fellow of the Cato Institute before the United States Senate Special Committee on Aging. (Washington D.C. 20510, 9 September 2004).

Life After Work A Case
Words: 1996 Length: 6 Pages Document Type: Research Proposal Paper #: 98360087
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According to the United States' Government's Medicare program, coverage of nursing home care is offered only on a limited basis. In order to be eligible, the Medicare must only receive services from a Medicare-approved facility, and must have a "qualifying hospital stay" just before entering the nursing home; this stay is generally three days or longer ("Nursing Homes: Paying for Care").

In light of these potential medical costs, one must be careful when advising this couple. The goal of retirement is to allow them to maintain their quality of life, but their quality of life is not maintained if they are constantly sick or worrying about their health. The father's skepticism about taking out a policy that would cover nursing homes or home nursing services is warranted. First of all, no one wants to think about the time when they will no longer be able to take care of him…


"10 Ways to Prepare for Retirement." (2008). Retrieved October 1, 2008, from

Web Site:

Franklin, Mary Beth. (2008). The Basics: How Much Do You Need to Retire. Retrieved October 1, 2008,

from MSN Money.

Old Smart Productive Old Smart
Words: 630 Length: 2 Pages Document Type: Term Paper Paper #: 40774896
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Another possibility is to allow companies to convert traditional defined-benefit pensions, which encourage retirement as early as age 55, to cash-balance plans, which have no built-in incentives to retire. Perhaps the most controversial idea is to break the typical link between pay and seniority. As more people work into their late 60s and 70s, pay should be adjusted to match how much people work and what they accomplish on the job.

Basing pay on performance is a controversial idea because what the criterions of performance for most hi-level professional jobs that older workers are performing are ambiguous at best. How does one determine success at a professional job? Unlike a manual job, where productivity can be measured in, for example, widgets per hour, professional job performance involve intangible factors such as interpersonal relations and communication skills. In many cases, performance may be defined solely in terms of what your boss…

Rampell C R and Saltmarsh M 2009 September
Words: 822 Length: 2 Pages Document Type: Essay Paper #: 2299954
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ampell, C.. And Saltmarsh, M. (2009, September 2). A reluctance to retire means fewer openings. The New York Times.

From the earliest years of the program, Social Security has been a three-legged stool steadied by a precarious balance of retirement savings, social insurance, and transfer programs.

Economists have recognized for decades that the economic well-being of an aging American society has been undermined by a "perfect storm" brought about by the Industrial evolution, urbanization, the reconfiguration of families from extended to nuclear, and a considerable increase in life expectancy. The social and demographic changes have eroded traditional strategies -- charity, labor, family, and assets -- that fostered economic security. An agrarian society linked labor to prosperity and generally ensured that families could subsist through their own efforts. In the move from farms and rural villages to cities and towns, people traded crops ruined by weather and pests for recessions and…


History of Social Security. (2011). Retrieved 

Rampell, C.R. And Saltmarsh, M. (2009, September 2).

Wyss, D. (2005, March 31). Social Security -- The economic issues, Bloomberg Business. Retrieved  / mar2005/pi20050331_8478_PG2_pi076.htm

Retirees Return to Work Working
Words: 1321 Length: 3 Pages Document Type: Term Paper Paper #: 43401447
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" She initially came out of retirement to work three days a week, but now she only works one day per week. Mitre in fact offers workers a phased-in retirement, with fewer hours and fewer workdays; but they keep a core of "reserves at the ready" like Doreen. Now Doreen has a little extra income so she won't have to dip into her nest egg, and the company doesn't have to worry that "it could lose too much institutional knowledge as its workforce retired," Fetterman explains.

In the same article, Joyce Montgomery of Detroit retired from her job as a counselor at a children's home, after her husband also retired. But soon they " tired of sitting around...I wanted to come into the workplace to be around people." So she applied for a part time job at CVS pharmacy, planning on perhaps ten or fifteen hours a week, but now,…

Works Cited

Crowson, Aryana. (2006). Early Retirees Head Back to Work. KTHV-TV Retrieved 29 Nov. 2006 at 

Fetterman, Mindy (2006). Retirees back at work, with flexibility. USA Today. Retrieved 29 Nov. 2006 at .

Phipps, Jennie L. (2003). An older worker's guide to getting a job. Retrieved 29 Nov. 2006 at .

Ryberg, William. (2006). Employees return to work, hassle-free. Des Moines Register. Retrieved 28 Nov. 2006 at .

Educational Activities Lead to Wellness
Words: 6355 Length: 20 Pages Document Type: Term Paper Paper #: 69317821
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For example, Massachusetts and California have made recent improvements by upgrading care quality and professionalizing care; by contrast, despite Florida's large population of seniors and the beginning of a coalition of patients, families, and workers on behalf of better care, the state administration remains inflexible in their funding approach (Fitzgerald 30).

Nursing homes and other long-term-care facilities are unique among low-wage labor markets in that government, in effect, sets wages and career paths by setting reimbursement rates. Government also regulates the conditions of care and subsidizes training programs for nursing assistants and other paraprofessionals. Unlike other low-wage sectors, a broad-based, middle-class constituency for better wages and benefits potentially exists in the form of family members of nursing home residents. Therefore, there is a potential solution that benefits all the stakeholders by providing higher reimbursements together with tighter regulation and deliberate professionalization of the direct-care workforce; unfortunately, while some states have…

Works Cited

About SeniorNet. (2005). SeniorNet. [Online]. Available:  

Qualified Benefit Plans
Words: 2703 Length: 9 Pages Document Type: Research Paper Paper #: 21951028
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Qualified Benefit Plans

Why company set qualify benefit plans tax benefits company employees maintaining qualify plans. Also, company comply benefit laws regulations order maintain qualify status plan.

Employers sometimes offer their employees and other beneficiaries within the organization retirement plans which they sponsor. These are often referred to as qualified plans. These qualified plans are either established as defined benefit plans or defined contribution plans. When established as defined benefit plans, the employee receives benefits on a formula that factors in personal factors such as the employee's salary history and the duration of contract or employment. In these plans, the risk of investment and management of the portfolio is run by the employer. In these schemes, the employer sometimes has to find funds from alternative sources such as the company's profits in order to fund employee's retirement when there is a shortfall in funding. The other type of qualified plans…


Brown, J.R., Mitchell, O.S., Poterba, J.M., & Warshawsky, M.J. (1999). Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts. National Tax Journal, 52(3), 563-591. doi: 10.2307/41789742

Huberman, G., & Jiang, W. (2006). Offering vs. Choice in 401(k) Plans: Equity Exposure and Number of Funds. The Journal of Finance, 61(2), 763-801. doi: 10.2307/3699357

Lipman, J.H. (1983). Valuing Defined Contribution Plans. Family Advocate, 5(4), 19-21. doi: 10.2307/25806070

Lisa Meulbroek. (2005). Company Stock in Pension Plans: How Costly Is It? Journal of Law and Economics, 48(2), 443-474. doi: 10.1086/430807

Defined Contribution vs Defined Benefit
Words: 805 Length: 2 Pages Document Type: Essay Paper #: 67389899
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etirement Plans

When it comes to defined retirement plans, there are two major forms that have dominated the employee benefit landscape. Indeed, those two types of benefits are defined contribution and defined benefit. While employers favor one of the two, employees roundly and definitively tend to favor the other. The form that employees tend to prefer will be answered and the same will be done for employers. There will also be an explanation of the answer given. While employees may like defined benefit plans, they come with a major financial obligation on the part of the employer and thus the employer favor defined contribution plans the vast majority of the time.

If there is a major distinction to be identified when it comes to the difference between defined contribution and defined benefit plans, it would be that one of them focuses on what employees are required to contribute and the…


Hering, B. (2015). An entire career at one company. Retrieved 25 October 2015, from 

Martocchio, J. (2011). Strategic compensation. Boston: Prentice Hall.

Pension Schemes Benefits of Pension Schemes an
Words: 1917 Length: 7 Pages Document Type: Essay Paper #: 87589543
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Pension Schemes

Benefits of Pension Schemes

An overview of the UK Pension system

The weaknesses in the UK pension system

The UK has been indicated by Aviva (2011) to be facing a significant change in population with a large number of the older citizens approaching their retirement. The current retirement market is in a downward spiral with its trend of failing today's generation of UK retirees. The trend has been predicted to be on the rise and is noted to have potentially devastating consequences for the retiree's income as well as the general security of the future generation of baby boomers/retirees. In order to illustrate the intensity of the problem, it is worth noting that 385,00 individuals bought annuities last year alone (2010) and the figures indicated that only about 32% of the clients bough annuities from firms that are different to the ones that they saved with. In this…


Aviva (2011).Rethinking retirement in the UK 

BBC (2011). Guide to public sector pension schemes

Compensation the Current Plan Is a Defined
Words: 600 Length: 2 Pages Document Type: Essay Paper #: 22444868
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The current plan is a defined contribution plan, but the employees are not using it effectively. Many are heavily weighted in money market, and over 70% of employees are not even making contributions. Both of these problems need to be addressed.

The first question that should be raised with senior management is whether to offer a defined benefit plan, rather than a defined contribution plan. Part of the reason that many employees do not use the plan is that they probably do not truly understand the plan. A defined benefit plan is much easier to understand for employees because it gives them a set benefit (DOL, 2012). The risk in a defined benefit plan, however, is on the company, whereas with a defined contribution plan the risk falls to the employees. So from the company's point-of-view it is probably better to have the current plan, and maybe we just…

Works Cited:

DOL. (2012). Retirement plans, benefits and savings. United States Department of Labor. Retrieved April 23, 2012 from typesofplans.htm

Ramsay, L. (n.d.). Compensation and benefits as recruitment and retention tools: The impact of the downturn. SHRM. Retrieved April 23, 2012 from

Social Security Recommendations to Change Social Security
Words: 654 Length: 2 Pages Document Type: Application Essay Paper #: 87060382
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Social Security

ecommendations to Change Social Security in United States of America

Social Security is one of the major federal programs prevalent in the United States of America. It is a collective insurance system by which retired and disabled workers, their family members, and family members of the dead employees are paid benefits. The total number of Social Security beneficiaries till 2009 were 52.5 million. Approximately 156.3 million workers were covered by Social Security in 2010 (Nuschler, 2010).

In the past, the Social Security system has faced financial deficits. In 1977 and 1983, a number of measures were endorsed by the Congress to address the monetary imbalance of the system. Those actions consisted of "constraints on the growth of initial benefit levels, a gradual increase in the full retirement age from 65 to 67 (i.e., the age at which unreduced benefits are first payable), payroll tax increases, taxation of benefits…


Hanushek, E.A., & Maritato, N.L. (1996). Assessing Knowledge of Retirement Behavior. Washington: National Academy Press. Retrieved July 16, 2012 from 

Liebman, J.B. (2005, March-April). Reforming Social Security. Harvard Magazine, Retrieved July 16, 2012 from 

Nuschler, D. (2010, September 14). Social Security Reform: Current Issues and Legislation. Retrieved July 16, 2012 from 

Saving, T.R. (2010, March 24). Simple Steps to Fix Social Security. The New York Times. Retrieved from

Plan for Little Whinging
Words: 2782 Length: 7 Pages Document Type: Research Paper Paper #: 30066521
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psychiatrist, Viktor Frankl, while suffering numerous hardships in his life as a prisoner of war in a Nazi work camp that included being isolated from the rest of the world including his family along with the prospect of facing at the hands of his captors death every day began to question the meaning of his own existence and the meaning of life in general. Frankl eventually came to the conclusion that people derive meaning from their lives as either as result of their suffering, their ability to love another, and their work (Frankl, 1985). A person's work helps them to define a sense of themselves, contributes to their feeling that they are useful, and helps to keep them active (Frankl, 1985; Shacklock, 2006; Waddell & Burton, 2006). These benefits occur at any age; therefore, by continuing to remain in the workforce elderly people can both produce benefits to their community…


Australian Bureau of Statistics. (2006). Retirement and retirement intentions. Canberra: Author.

Beier, M.E., & Kanfer, R. (2013). Work performance and the older worker. Sage Handbook on Aging, Work, and Society, 16, 65-97.

Center for Disease Control. (2012). Older employees in the workplace. In National Center for chronic disease prevention and health promotion. Retrieved September 25, 2014, from .

Cummings, T., & Worley, C. (2014). Organization development and change. Stanford, CT:

Aging and Politics One Definition
Words: 317 Length: 1 Pages Document Type: Term Paper Paper #: 57267702
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At some point, the burden on those still working to support those who have retired will become untenable. Solutions will have to be found, and those solutions will involve deciding who gets what, when, and how. This fiscal problem will require a forced distribution of wealth, something likely to upset most affected by it. Retirees will be outraged if they get less from Social Security than the generation before them did. Those still working won't be willing to contribute more to Social Security only to get less when they retire. The cost of health care has been spiraling upward for some years, and new and economical solutions will have to be found to meet the medical needs of the elderly.

Solutions may require raising the retirement age, encouraging the elderly to continue working, providing less in retirement benefits, or raising taxes. These fundamental political changes will be necessary and may…

Benefits Are Vanishing Is it
Words: 327 Length: 1 Pages Document Type: Term Paper Paper #: 30303147
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Countering this argument of ethical responsibility is the fact that many companies mentioned in the article have intensive pricing, product development, service and support pressures on them. Yet, given the efforts placed in planning their businesses and the intensive processes in place for financial forecasting, the costs of fulfilling these financial commitments to employees must be included in all strategic plans. To not pay these benefits is comparable to not paying for a factory or production center once created, or in the case of United Airlines, reneging on paying for a new commercial jet from Boeing. If United had done that, Boeing would repossess the jet. Yet the workers promised these benefits cannot repossess years of effort and commitment; therefore it is the ethical and one could argue legal responsibility of these companies to pay the pensions and healthcare costs promised.

Pensions Fund Pension Fund Analysis the School
Words: 730 Length: 3 Pages Document Type: Essay Paper #: 1498175
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Pensions Fund

Pension Fund Analysis

The school was founded in 1839 and is Missouri's largest research university offering more than 280 degree programs (Mizzou, N.d.). The school is also the largest employer in the area with more than thirteen thousand full-time employees. The Retirement Trust and the Other Post-Employment Benefits (OPEB) Trust hold the assets of the Retirement Plan and the OPEB Plan. The university is require to fully comply with the GASB reporting requirements and the Trusts are managed by external firms that are restricted to investing in certain asset sectors.

The externally-managed Trust funds are allowed to invest in asset sectors such as U.S. And international equity, emerging markets debt and equity, absolute return strategies, private equity, real estate, global fixed income, high yield fixed income, bank loans, and Treasury inflation protected securities (University of Missouri, 2011). This fund represents the pension and OPEB benefits for a wide…

Works Cited

Kiley, K. (2012, August 7). Unbalancing Sheets. Retrieved from Inside Higher ED: 

Mizzou. (N.d.). About Mizzou. Retrieved from University of Missouri: 

University of Missouri. (2011). Financial Report. Retrieved from University of Missouri System:

Budgeting Whether for the Household
Words: 745 Length: 2 Pages Document Type: Discussion Chapter Paper #: 66033541
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If we take the former approach, we must now combine men and women together demographically; women now work far more outside the home than they did in 1935. According to the United Nations, this is now roughly 80 years, meaning the retirement age should be pushed to 70, allowing 5-8 more years of pay ins, and far fewer years of pay outs (World Population Prospects, 2006). In addition, if we follow the original mandate, Social Security is a supplemental or emergency program, not meant for those who do not need it.

So, if we take a two-pronged approach; moving the retirement age to at least 70 and recategorizing those who take retirement benefits based on their savings and investment programs, we are in more of a fiscal position to tweak the system already in place. While this may seem unfair to some, if we think about it logically, those "baby…


"Life Expectancy for Social Security," (2010). Social Security Office. Cited in: 

"World Population Prospects -- Highlights." (2006). The United Nations Office of Economics and Social Affairs. Cited in: