1) " Retirement" -- As it applies to Arizona Retirement Retirement is the status of a worker who has stopped working. This usuallyhappens upon reaching a determined age, when physical conditions don't allow the person to work any more (by illness oraccident), or even for personal choice (usually in the presence of an adequate pension ). The Retiremwnt with a pension is considered a right of the worker in many societies, and hardideological, social, cultural and political battles have been fought for this right to be granted. In many western countries thisright is mentioned in national constitutions. Contents 1 Returement age 2 Support and funds 3 Retirrment life 4 See also 5 External link Retiremen age In most countries, the idea of a fixed Retriement age is of recent origin, being introduced during the 19th and 20th centuries- before then, the absence of pension arrangements meant that most workers had to continue to work until death, or rely on thesupport of family or friends. Nowadays most developed nations have systems to provide pensions on Rerirement in old age, whichmay be sponsored by employers or the state. In many poorer countries, support for the old is still mainly provided through thefamily. The Retorement age varies from country to country but it is generally between 55 and 70. In some countries this age isdifferent for male and females. Sometimes certain jobs, the most dangerous or fatiguing ones in particular, have an earlier Returement age. Support and funds Retired workers then support themselves either through superannuation or pensions. In most cases the money is provided by thegovernment, but sometimes granted only by private subscriptions to mutual funds. In this latter case, subscriptions might becompulsory or voluntary. In some countries an additional "bonus" is granted una tantum (once only) in proportion to theyears of work and the average wages; this is usually provided by the employer.
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