Early Retirement Approved: What?!?

@Shavkat (141906)
Philippines
February 23, 2022 7:15am CST
I wish I am still working in the local government. Why? I just read that government employees can retire at the age of 56. One of the fun facts about me is that I worked in one of the local government agencies in my city. It was my job before teaching online at present. That's life! I guess I should blame my incompetent Project Manager before. How young do people retire in your country?
10 people like this
9 responses
Valerie J. Routhieaux
@just4him (323168)
• Green Bay, Wisconsin
23 Feb 22
Your project manager didn't know what was coming any more than you did. So don't blame him. 65 is the current age, but it's moving to 70. However, many people retire sooner. They just can't get the government retirement benefits until 62. They receive full benefits at 65.
2 people like this
Shavkat
@Shavkat (141906)
• Philippines
23 Feb 22
Indeed, it is not his fault for that matter. Anyway, it was a past event in my life. Originally, the retirement age here is 65. In the past, the former president of senior citizens wants to reduce the retirement age.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
@just4him I think it is one of the reasons why they wanted to reduce it.
1 person likes this
Valerie J. Routhieaux
@just4him (323168)
• Green Bay, Wisconsin
23 Feb 22
@Shavkat I could understand reducing it if the average age of a person was less than it is. However, people are living longer, which is why ours is going to 70.
1 person likes this
Sharon Elton
@sharonelton (30756)
• Lichfield, England
23 Feb 22
I'm not sure how old is retirement age here but the government keeps putting it up so people have to work longer. If I could retire at 56 I'd only have 4 more years to go. 3 1/2 years actually.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
23 Feb 22
It sounds like you wanted to go for early retirement, isn't it? If not, I do. Since I am not a government employee, I am going to retire at the age of 65.
1 person likes this
Sharon Elton
@sharonelton (30756)
• Lichfield, England
23 Feb 22
@Shavkat I'm self employed as an artist so I can retire when I want to or not at all!
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
@sharonelton That's a nice job! Well, I am a frustrated artist.
1 person likes this
Rashna Gandhi
@Rashnag (30597)
• Surat, India
23 Feb 22
Oh ok dear. In my country it's around 60 years I think. Hope you are doing good. Take care
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
23 Feb 22
Don't be surprised! For non-government employees can retire at the age of 65 for both men and women.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
1 person likes this
Rashna Gandhi
@Rashnag (30597)
• Surat, India
23 Feb 22
@Shavkat ok dear
1 person likes this
Arya
@yoalldudes (35030)
• Philippines
23 Feb 22
The Senate approved it? Please share the link I cant find it.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
23 Feb 22
I think it is was approved, Let me find it for you.
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
@yoalldudes With this pandemic, I think it is best to work at home for now.
Arya
@yoalldudes (35030)
• Philippines
23 Feb 22
@Shavkat You can still apply in governnment after all you have experience.
MrsJ
@SophiaMorros (5044)
• Belews Creek, North Carolina
24 Feb 22
The retirement age here is 65 with the intention of pushing it back to 70. My husband plans to work until he is 65. I don't have any real plans for retirement, but then I also don't work a typical job. I work part-time remotely and the rest of my time is spent pursuing other things. I'm hoping those other things eventually result in at least a little income.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
It seems hard to retire at the age of 70. If I were retired, I still want to work online instead of being sedentary. I do hope that our pensions will be improved here.
1 person likes this
Faster16
@Faster16 (3248)
• Indonesia
24 Feb 22
here if I'm not mistaken around 57 years
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
It is almost the same here then.
1 person likes this
Judy Evans
@JudyEv (381745)
• Rockingham, Australia
24 Feb 22
Not too many retire before 65 here and I think it has now gone up to 67. If people are made redundant they often get a large payout.
Sunrise Fan
@sunrisefan (28524)
• Philippines
24 Feb 22
Metrobank retires their employees at 54 as far as I know. I was told by a former Metrobank employee who is a friend of mine.
Shavkat
@Shavkat (141906)
• Philippines
24 Feb 22
I also heard some special cases like this. These are the senior managers in malls.
1 person likes this
Bensen32
@Bensen32 (28658)
• United States
23 Feb 22
Well as some said it is 65 right now and then at some point they are saying it is going to go to 70 but you can retire early in some situations. example, you can retire after 20 years if you are in the military but not sure it would be enough to live on, but you will get a monthly payment. This is also true if you work for the federal government.