What is the retirement principle?
A) an objective measure of a person's abilities used by employers to gauge the performance of older people on the job
B) the initial payment required to begin an RRSP (Registered Retirement Savings Plan) that guarantees the pensioner will remain above the poverty line
C) the idea that at a fixed age, regardless of mental or physical ability, a person leaves work
D) the minimum age of retirement for a worker to receive full benefits from a pension plan

Question

Quizplus · Accepted Answer

The retirement principle is the idea that at a fixed age, regardless of mental or physical ability, a person leaves work. This principle has been subject to much criticism as it does not take into account individual circumstances and abilities, and can result in many people being forced to retire before they are ready or financially prepared to do so.

What Is the Retirement Principle