Retirement is the phase when an employee voluntarily or mandatorily leaves the workforce, often after reaching a certain age or meeting service criteria, with access to benefits.
- What is retirement?
Answer: It is leaving the workforce, often with benefits after a set period. - What is the typical retirement age?
Answer: It is around 65 in many countries, though flexible. - What triggers it?
Answer: Triggers include age, health, or financial readiness. - What are the benefits?
Answer: It provides rest and financial security via pensions. - What role does HR play?
Answer: HR manages retirement planning and benefits.
