BLAKE DOYLE: Facing a wave of retirements | SaltWire

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Retire. By pure definition it means to remove from service. When the treads on your wheels get too worn, you need to

At this phase of pandemic adaption, many are considering redeployment/reinvention and reapplication to a new use. A change, a rest and new adventure. Not a discontinuance but a new beginning, writes business columnist Blake Doyle.Retire. By pure definition it means to remove from service.

The colloquial consideration of retirement is to exit the workforce. For many, that is not a practicality, even if workplace seniority has been achieved. There are financial implications associated with the concept of full retirement.As a community leader recently commented, the only persons with flexibility to retire from the workforce today in a period of rising inflation, interest rates and general living costs are those with an indexed pension.

Public sectors are not the only ones facing an exodus. Industry also is faced with transition. Frustrated by government's reactive policy and continued irrational decisions, some are evaluating the benefits of an unpredictable landscape relative to retirement. Some form of retirement/repurpose is looking more attractive.

 

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