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Retirement
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job due to health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when bodily conditions no longer allow the person to work any longer (by illness or accident) or as a result of legislation concerning their positions. In most countries, the idea of retirement is of recent origin, being introduced during the late-nineteenth and early-twentieth centuries. Previously, low life expectancy, lack of social security and the absence of pension arrangements meant that most workers continued to work until their death. Germany was the first country to introduce retirement benefits in 1889. Nowadays, most developed countries have systems to provide pensions on retirement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). The original Social Security Act was enacted in 1935,Social Security Act of 1935 and the current version of the Act, as amended, 2 USC 7 encompasses several social welfare and social insurance programs. The average monthly Social Security benefit for August 2022 was $1,547. The total cost of the Social Security program for the year 2021 was $1.145 trillion or about 5 percent of U.S. GDP. Social Security is funded primarily through payroll taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Wage and salary earnings in covered employment, up to an amount specifically determined by law (see tax rate table below), are subject to the Social Security payroll tax. Wage and salary earnings above this amount are not taxed. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Survey Of Health, Ageing And Retirement In Europe
The Survey of Health, Ageing and Retirement in Europe (SHARE) is a multidisciplinary and cross-national panel database of micro data on health, socio-economic status and social and family networks. In seven survey waves to date, SHARE has conducted approximately 380,000 interviews with about 140,000 individuals aged 50 and over. The survey covers 28 European countries and Israel. SHARE was founded as a response to the European Commission's call to "examine the possibility of establishing, in co-operation with Member States, a European Longitudinal Ageing Survey". It has since become a major pillar of the European Research Area, selected as one of the projects to be implemented in thEuropean Strategy Forum on Research Infrastructures (ESFRI)in 2006 and was given a new legal status as the first ever European Research Infrastructure Consortium (SHARE-ERIC) in March 2011. About SHARE Founded in 2002, SHARE is coordinated centrally at the Munich Center for the Economics of Aging ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health And Retirement Study
The Health and Retirement Study (HRS) is a longitudinal survey of a representative sample of Americans over age 50 conducted by the Survey Research Center (SRC) at the Institute for Social Research (ISR) at the University of Michigan in Ann Arbor and supported by the National Institute on Aging (NIA). The study interviews approximately 20,000 respondents every two years on subjects like health care, housing, assets, pensions, employment and disability. The study is managed through a cooperative agreement (NIA U01AG009740) between the NIA, which provides primary funding, and the ISR, which administers and conducts the survey. Beginning in 2012, HRS began adding genetic information from consenting participants to its database. The economic measures captured by the data in the HRS are regarded as being of very high quality. Purpose The HRS is designed to inform the national retirement discussion as the population ages. The inspiration for the HRS emerged in the mid-1980s, when sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earnings Test (US)
Under the United States social security system, workers who have reached 62 but have not yet reached the full social security retirement age are subject to a retirement earnings test, which effectively defers benefits for people whose earnings are above a given threshold. Applicability The test only applies to people who are below the normal retirement age, which ranges from 65 to 67 years old, depending on the person's year of birth. For beneficiaries working before the calendar year in which they reach the Normal Retirement Age, current benefits are reduced by $1 for every $2 in wages over the lower bracket amount. For beneficiaries A beneficiary (also, in trust law, '' cestui que use'') in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the perso ... working in the calendar year they reach the Normal Retirement Age, but before they have turned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Age
Old age refers to ages nearing or surpassing the life expectancy of human beings, and is thus the end of the human life cycle. Terms and euphemisms for people at this age include old people, the elderly (worldwide usage), OAPs (British usage which stands for Old Age Pensioner), seniors, senior citizens (American usage), older adults (in the social sciences), and the elders (in many cultures). Elderly people often have limited regenerative abilities and are more susceptible to AIDS, herpes, hemorrhoids, and other illnesses than younger adults. A number of other disciplines and domains concern the aging and the aged, such as organic processes of aging ( senescence), medical studies of the aging process ( gerontology), diseases that afflict older adults (geriatrics), technology to support the aging society (gerontechnology), or leisure and sport activities adapted to older people, such as senior sport. The elderly face various social issues concerning retirement, loneliness, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pre-tirement
The neologism pre-tirement describes the emergence of a new working state, positioned between the traditional states of employment and retirement. The word is a portmanteau word, coming from the prefix "pre" and the word "retirement." The state is being found primarily in first world economies, with aging populations. A "pre-tiree" will continue to create economic wealth and/or contribute to the generation of knowledge, likely on a part-time or reduced hours basis. Some "pre-tirees" use the period to give back by providing unpaid social support. This form of unpaid work creates economic benefit, by allowing taxes to be focused on other wealth creating or protecting activities, but relies on the existence of sufficient financial resource. Research The emergence of a new blend of work and retirement was established in Consumer Intelligence research in December 2014. Here are key findings from the research published in a report by Zopa (2014): * ‘Pre-tirement’ begins in 50s a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Logit Model
In statistics, the logistic model (or logit model) is a statistical model that models the probability of an event taking place by having the log-odds for the event be a linear combination of one or more independent variables. In regression analysis, logistic regression (or logit regression) is estimating the parameters of a logistic model (the coefficients in the linear combination). Formally, in binary logistic regression there is a single binary dependent variable, coded by an indicator variable, where the two values are labeled "0" and "1", while the independent variables can each be a binary variable (two classes, coded by an indicator variable) or a continuous variable (any real value). The corresponding probability of the value labeled "1" can vary between 0 (certainly the value "0") and 1 (certainly the value "1"), hence the labeling; the function that converts log-odds to probability is the logistic function, hence the name. The unit of measurement for the log-odds s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Active Population Survey Of Spain
Active may refer to: Music * ''Active'' (album), a 1992 album by Casiopea * Active Records, a record label Ships * ''Active'' (ship), several commercial ships by that name * HMS ''Active'', the name of various ships of the British Royal Navy * USCS ''Active'', a US Coast Survey ship in commission from 1852 to 1861 * USCGC ''Active'', the name of various ships of the US Coast Guard * USRC ''Active'', the name of various ships of the US Revenue Cutter Service * USS ''Active'', the name of various ships of the US Navy Computers and electronics * Active Enterprises, a defunct video game developer * Sky Active, the brand name for interactive features on Sky Digital available in the UK and Ireland * Active (software), software used for open publishing by Indymedia; see Independent Media Center Sciences * Thermodynamic activity, measure of an effective concentration of a species in a mixture. * Activation, in chemistry the process whereby something is prepared for a su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Socio-Economic Panel
The ''German'' Socio-Economic Panel (SOEP [], for ''Sozio-oekonomisches Panel'') is a Longitudinal study, longitudinal panel dataset of the population in Germany. It is a household based study which started in 1984 and which reinterviews adult household members annually. Additional samples have been taken from time to time. In 2015, there will be about 14,000 households, and more than 30,000 adult persons sampled. Some of the many topics surveyed include household composition, occupation, employment, earnings, health and life satisfaction. The annual surveys are conducted by the German Institute for Economic Research (DIW Berlin) and the Kantar Group. The survey is funded by the German Federal Government and the State of Berlin via the «Bund-Länder-Kommission» (State/Federal State Commission) for Educational Planning and Research Promotion. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperlipidemia
Hyperlipidemia is abnormally elevated levels of any or all lipids (fats, cholesterol, or triglycerides) or lipoproteins in the blood. citing: and The term ''hyperlipidemia'' refers to the laboratory finding itself and is also used as an umbrella term covering any of various acquired or genetic disorders that result in that finding. Hyperlipidemia represents a subset of dyslipidemia and a superset of hypercholesterolemia. Hyperlipidemia is usually chronic and requires ongoing medication to control blood lipid levels. Lipids (water-insoluble molecules) are transported in a protein capsule. The size of that capsule, or lipoprotein, determines its density. The lipoprotein density and type of apolipoproteins it contains determines the fate of the particle and its influence on metabolism. Hyperlipidemias are divided into primary and secondary subtypes. Primary hyperlipidemia is usually due to genetic causes (such as a mutation in a receptor protein), while secondary hyperlipidemi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
