Retirement Attitude and Satisfaction: Some Influences Factor

Pension and annuity retirement policies were first implemented as a means to encourage older workers in employment to look for another jobs. Retirement has become a norm, the expected life of the stage, which has an institutionalized part of most modern societies. Workers expect to retire actively choose to withdraw from workforce as quickly as they are financially feasible. Once they are retired, they are expected to enjoy their life and get satisfaction with their lives.

However, the advantages and disadvantages of the being in workforce tend to affect the individual experiences of retirement, so that attitudes toward retirement may vary depending on a number of factors. Health and potential revenue is not only the concerns of retired contemplation identified, but also consistently emerge as factors associated with retirement satisfaction. Poor health is often a precursor of early retirement and people with health problems are more likely to report dissatisfaction with retirement. Anyone with sufficient financial resources by pensions (both public and private) and retirement savings and are in good health, more likely to express a positive view of retirement. These key resources, the pensioners, more closely to the activities associated with the retirement lifestyle of travel and leisure, education, volunteering and other opportunities, free from the obligations of professional life. People with lack of sources of retirement income and / or poor health tend toward a more pessimistic retirement. Similarly, the state of the economy and its potential impact on retirement wealth effect is positive or negative attitude toward retirement.

These differences in the experiences of employees by gender and ethnicity influence attitudes toward retirement. Men are generally more likely to withdraw due to work circumstances or job characteristics, and women are more likely to resign for personal reasons. In woman cases, they often delaying in entering the workforce, the interruption of participation, the lower status line professional jobs and lower wages in the lower levels of labor force attachment results and more importantly, loss of retirement income sources. Pension and retirement will not be very attractive option for women. In addition, retirement for women are often not actively chosen, but by the needs and actions of others dictates of adopting a caring role or retired, together with a husband.

The attitude toward retirement may also be influenced by the proximity of the retirement event. If people close to retirement, they tend to spend more time thinking and planning for retirement. These activities tend to reinforce a positive image of a pending withdrawal of experience and with post-retirement level of satisfaction with what to do after retire. It is estimated that the number of people who have not thought about or planned for the retirement is about 10 % to 40 %. People who identify strongly with their work situation and have a high degree of attachment to the workforce are less likely to see retirement as a positive event in the life and actually give the full pension a second thought for continuous employee participation.