Retirement

When a person reaches a certain age after having worked most of their adult life, they retire. Sometimes it is their choice or it may be out of necessity.

Prior to the nineteenth century, people worked until they could not work any longer due to illness or because they died. During the nineteenth and twentieth centuries, many countries required that businesses create pension plans. Also, many of the governments developed pension plans for workers to pay into.

In the United States, most workers are required to pay into the Social Security system. The earliest age a person can receive benefits from Social Security is age 62. Normal retirement age was once 65 to receive full benefits but that age has increased to 66 for those who reach the age of 65 in 2008.

Retirement can also depend on the number of years of service in some occupations such as the military or education.

Many people invest their money so they can retire at an early age to enjoy the activities they love such as golf or travel and to spend time with their family.

Whatever the reason for retirement, the occasion is usually marked with a gift giving occasion. Depending on their position, the company they work for may host a retirement party. For others, family, friends, and co-workers, host a party. All may chip in to give the retiree a special gift such as a new set of golf clubs or a special trip. Individuals may give other tokens of appreciation. Companies used to give gold watches but are now giving other gifts which may include a watch, gift certificate, or plaque.

The gift selected for the retiree should be one based on their personality and interests. It should be something they will enjoy during their retirement.

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