Should the state retirement age be raised or lowered ?

Canada
June 5, 2007 9:20am CST
What would you prefer and why , or do you believe it should stay the way it is right now ? State your reasons why or why not .
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2 responses
• Canada
5 Jun 07
I think it should be lowered there is not alot of work where I live and it is hard for people to work all these years to be able to support there familes and themselves . I still have a long way to go to reitrement and would like it to be lowereed by the time I get that old . Therer are sick people trying to work because they need to work and they shouldn't have to work when they are this old and they are sick and need moeny . I would like it to be lowered . this woudl be better then someone going on welfare because they had no money because they did work all there life .
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• Canada
5 Jun 07
There is not much work in our area either and people are moving away every year to look for work and it is getting to be harder and harder to find a place to work because buisness's are closing down and moving away in hopes of something better . Thank you for your response .
• Canada
6 Jun 07
Retirement ages should not be set by any governing body at any time. People should retire when they can, if they can early and not be forced to retire when they can't at a certain age. Here in Canada, the Canada Pension plan starts paying at any time you elect fromage 60 tto 70 with 65 being the standard. You gain 6% for every year you take it late, and lose 6% for every year you take it early. If you saved enough and can afford a 30% cut, why not allow somebody to retire at 60? In fact, I'd be in favour of letting you retire as early as 55 for another 3% cut a year, or as late as 75 for another 3% gain every year. The government would probably make money on the deal, and the job market will be a lot 'cleaner' (by cleaner I mean people who want to work will be, and people who don't want to be, won't be) and workers willl be more valuable.
1 person likes this