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November 23, 2006

Growing Older, Working Longer: The New Face of Retirement

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Canada is being urged by international bodies such as the OECD to get rid of early retirement incentives, to abolish mandatory retirement and to take other measures to persuade people to go on working and to raise the age of retirement. In Canada right now, the typical age of retirement is around 62. Some provinces in Canada have already abolished mandatory retirement, but it seems to have had little impact on increasing the age at which people retire. In fact, at 59.8 the average age of retirement in Quebec, which abolished mandatory retirement long ago, is one of the lowest retirement ages in Canada. As well, abolition of mandatory retirement is highly controversial
and raises a number of issues relating to discrimination against older workers.

Posted by Gary Holden at November 23, 2006 3:08 AM