Making the Retirement Decision

The report of the BC Premier’s Council on Aging and Senior’s Issues states “Our vision is of a province that welcomes older workers, benefiting from their skills, experience and dependability and enabling those who wish to work to do so.”

As of January 1, 2008 the rules around retirement have changed in BC. The Human Rights Code has been amended so that mandatory retirement has been eliminated. Workers will now be able to choose when they want to retire.

This is a decision some workers have not had to make in the past and so they may need some help to get the decision process going. They will need to take some personal reflection time to consider what they think and feel about the concept of retirement, and they will want to consider both options, staying on or retiring.

Here are some questions to help guide their reflection:

  • How would I describe the importance of the interpersonal connections at work?
  • Does my work give me stimulation, meaning and satisfaction?
  • Is there more that I want to accomplish?
  • Is my work valued and appreciated?
  • Do I have an unfulfilled dream?
  • What learning and growth opportunities are important to me?
  • Where and how can I access them?
  • How does my current energy level and health impact my life and work?
  • What family obligations will impact this decision?
  • How would I describe my comfort level with my current and future financial picture?
  • Am I living and working in my location of choice?