Done working

**gwaddle** · 07-08-2016

Originally Posted by subaro

Are there mandatory age of retirement in the United Stated ?. Some people are finding that they still have to work as their savings and benefits are not enough. We do not have a pension plan in our company, and to depend on the social security program will be living on the edge if savings are not well planned.

Canada[edit]

The normal age for retirement in Canada is 65, but one cannot be forced to retire at that age.^[5] Labour laws in the country do not specify a retirement age.^[6] Age 65 is when federal Old Age Security pension benefits begin, and most private and public retirement plans have been designed to provide income to the person starting at 65 (an age is needed to select premium payments by contributors to be able to calculate how much money is available to retirees when they leave the program by retiring).^[7]
All judges in Canada are subject to mandatory retirement, at 70 or 75 depending on the court.^[8] Federal senators cease to hold their seats at 75.
Mandatory retirement of federally regulated employees is prohibited from December 2012.^[9]

No mandatory retirement. You can draw Social Security at 62 at a bit lower rate and the full rate at 66. For various reasons, I chose to go with the earlier retirement.