Retirement is the process of withdrawing from one’s occupation or profession, typically upon reaching a designated age or after a period of employment. It marks the transition from full-time work to a phase of life where an individual is no longer required to earn a living through employment. During retirement, individuals often receive financial benefits such as pensions, social security, or savings that they have accumulated over their working years. The decision to retire can be influenced by various factors including personal health, financial readiness, and lifestyle choices. Retirement allows individuals to engage in leisure activities, pursue hobbies, spend time with family, or undertake new ventures outside of their traditional work environment. It can also represent a significant life change, both socially and psychologically, as individuals adjust to a new routine that no longer includes daily work obligations.
Amir Reza-Tofighi proposes increasing the workweek by one hour to enhance retirement security. This additional hour would contribute directly to a personal retirement account, not immediate pay. The initiative targets…