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Should People Work Past Retirement Age Essay

905 Words4 Pages

Task one
Should people work past retirement age? Discuss.
Many people look forward to reach the age of retirement, as to finally stop working and be able to start enjoying the freedom linked to it. On the other hand there are also others who for some reasons decide to continue to work for some more years. Whatever decision one may take, it is important that both the advantages and drawbacks will be well considered, and the final decision should be based ultimately on personal preference.

As life expectancy has increased the elderly are leading an increasingly active life, some by continuing to work part time or even in a full time manner, others by helping their families or involving themselves in local social or voluntary groups.

According to the National Statistics Office, by the year 2025, the percentage of persons over 65 is expected to increase to 20% and will continue to increase to 24% by the year 2050. By time, this will create a gap in the Maltese workforce as there will be an abundance of individuals who would be retiring simultaneously and insufficient workers to contribute to the pension pool. This may create problems in the healthcare and pension payment system. Some individuals, particularly the younger generations within the working population need to take better care of their future financial …show more content…

One may wish to find a job in the same field with more flexibility, fewer hours, and less stress. If one just want to stay active and in touch with people, one must look for low-stress work with light responsibility. Working after retirement can provide a wonderful opportunity to work on your own terms. Many companies appreciate older workers’ experience and provide flexible, rewarding jobs. Keeping mentally and physically active helps you feel younger longer. Working also keep you socially active and prevents isolation, and can provide a sense of

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