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:
“In Canada an ordinary New England house would be mistaken for the château, and while every village here contains at least several gentlemen or “squires,” there is but one to a seigniory.”
—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)
“Canadians look down on the United States and consider it Hell. They are right to do so. Canada is to the United States what, in Dante’s scheme, Limbo is to Hell.”
—Irving Layton (b. 1912)