Canada
The normal age for retirement in Canada is 65, however one cannot be forced to retire at that age. Labour laws in the country do not specify a retirement age. Age 65 is when federal Old Age Security pension benefits begin, and most private and public retirement plans have been designed to provide income to the person starting at 65 (an age is needed to select premium payments by contributors to be able to calculate how much money is available to retirees when they leave the program, i.e., retire). It is not forced upon an individual to retire, it is their choice.
All judges in Canada are subject to mandatory retirement, at age 70 or 75 depending on the court. Federal senators cease to hold their seats at age 75.
Mandatory retirement of federally regulated employees is prohibited from December 2012.
Read more about this topic: Mandatory Retirement
Famous quotes containing the word canada:
“Though the words Canada East on the map stretch over many rivers and lakes and unexplored wildernesses, the actual Canada, which might be the colored portion of the map, is but a little clearing on the banks of the river, which one of those syllables would more than cover.”
—Henry David Thoreau (1817–1862)
“I do not consider divorce an evil by any means. It is just as much a refuge for women married to brutal men as Canada was to the slaves of brutal masters.”
—Susan B. Anthony (1820–1906)
“I fear that I have not got much to say about Canada, not having seen much; what I got by going to Canada was a cold.”
—Henry David Thoreau (1817–1862)