Of course, many senior citizens are happy with retirement.

He served without any serious errors until he reached retirement age.

At a time when many EU Member States are raising their pension age, many older people lose their place on the labour market before reaching the current pension age, for example because they cannot keep up with changes.

As these staff approach retirement age there need to be sufficient younger recruits to replace them.

But as long as average retirement ages rise to keep stable the proportions of life spent in work and in retirement, the fact that working and retirement years are growing at equal rates has no adverse economic effect.

(a) To apply cost of living adjustments to deferred retirement benefits as from age 50

At a time when many EU Member States are raising their pension age, many older people lose their place in the labour market before they reach the current pension age, either because they can no longer keep up with the pace of change in production processes or because shift work becomes more problematic with age.

As the new pension scheme is phased in in Italy, the same flexible pensionable age will apply for both men and women.

According to a recent study, one third of Americans aged 45 54 have nothing saved specifically for retirement.

5. A member who ceases to hold office before the age of sixty and who would be entitled to a retirement pension when he or she reached that age may elect to receive a pension from any date after the date on which he or she ceases to hold office. Should he or she so elect, an actuarial reduction factor of one half of one per cent per month would be applied on the retirement pension which would have been paid to him or her at the age of sixty.

3. A judge who ceased to hold office before the age of sixty and who would be entitled to a retirement pension when he or she reached that age may elect to receive a pension from any date after the date on which he or she ceases to hold office. Should he or she so elect, the amount of such pension shall be that amount which has the same value as the retirement pension which would have been paid to him or her at the age of sixty.

Retirement benefit

Retirement pension

Furthermore, China s low retirement age 50 for women and 60 for men provides policymakers with considerable room to maneuver.

Deferred retirement benefit

Romney supports gradually increasing retirement ages, a premium support model for Medicare, and shifting Medicaid (health insurance for the poor) to the states via block grants.

Demography clearly plays a role a larger share of the workforce is reaching retirement age, while the share of those aged 16 24 who are pursuing education is rising.

This judgement effectively nullifies the exemption concerning retirement age under Article 9 of Directive 86 378 EEC on equal treatment in occupational social security schemes.

As these trends challenge not only the labour market, but also the sustainability and adequacy of the pension system, stronger incentives for later retirement appear indispensable.

(c) The benefit may be commuted by the participant into a lump sum if the rate of the benefit at the normal retirement age is less than 300 dollars. Such commutation shall be equivalent to the full actuarial value of the benefit.

The most credible reforms are structural for example, higher retirement ages and changes to benefit formulas and difficult to alter once they are implemented.

His income was diminished by half after retirement.

Only bad policies, such as the recent German commitment to reduce retirement ages, can turn longer lives into an economic problem.

Seniors working past the retirement age of 67 should not be subject to the payroll tax, and the retirement earnings test should be eliminated, so that seniors can work full time without losing out on Social Security benefits.

What are your retirement plans?

I cannot watch any longer the country having been robbed over the past twenty years, thieves roaming about there and people's taxes and retirement age increasing.

As a result, the age at which an invalidity pension is replaced by an old age or retirement pension may be different for men and women under statutory social security schemes.

Falling birth rates challenge pension systems more than rising longevity, because they imply a rising old age dependency ratio even if retirement ages increase in line with life expectancy.

2. The amount of the retirement pension shall be determined as follows

Gershwin died at the age of 38.

He died when he was 54 years old.

She died when she was 54 years old.

She died at the age of 54.

He died at the age of 54.

He remained there until his retirement in 1961.

Those partisan lines are already clear in the initial reactions to the deficit commission recommendations, which include reforming the tax code and raising some taxes, raising the retirement age and cutting spending.

In 1976 he moved to Australia as Foundation Professor of Linguistics at the University of Sydney, where he remained until he retired in 1987.

So I started thinking, well, we live in all these ages of man the Stone Age, and the Iron Age, and the Copper Age.

ARBELOA MURU (S), in writing. (ES) The first official Community initiative in favour of elderly people deserves all the attention and support which the European Parliament has been calling for in many resolutions.

So for example, there is the Survey of Health, Aging and Retirement in Europe.

The company presented him with a gold watch on the day he retired.

On 23 October 1987 the Commission submitted a proposal for a directive (COM(87) 494 final completing implementation of the above directives and laying down retirement age (Article 9 of the proposal).

He died at the age of seventy.

She died at the age of 54.

Tom died at the age of 97.