Post
Topic
Board Economics
Re: Retirement Age for Workers - Does this Make Sense?
by
gabbie2010
on 24/12/2023, 12:58:32 UTC
Quote
France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/


This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

I agreed that government should not forcefully retain it employees after attaining the mandatory retirement age or increase retirement age, it should be optional though majority of them would opt to leave however their wealth of experience would still be needed especially workers or expertise in health sector, technology, etc it might be very difficult for government to replace some of these key sector of the government replacing them with newly recruited employees isn't a bad idea though I prefer those employees who are about to retire retrain the newly recruited employees thereafter release them to retire because their productivity would wane as they aged in the job.