Whatever lack for pension schemes meant that

Whatever the age of a person, he may retire at his own will. However, the standard retirement age would vary differently in every state in the country that had pension rules and laws. But latest statistics found out that ages between 50 years old to 70 years old were determined to be the ideal retirement ages.

It varied for different genders although the challenge was the topic of age brought into topic of light. By deduction of work hours, a person may be considered semi-retired but some chose to set this point as full retirement by coming into the state of pre-retirement stage. Preferably, people retire for either private or public benefits but some were forced to retire if one can no longer render a service due to an illness or accident. In 1889, Germany introduced retirement. The concept is mostly about the recent of origin in countries and was proposed during the late 19th and early 20th centuries. In the past, the lack for pension schemes meant that one needed to work hard until death.

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