Abstract
Retirement is a complex and important transition in an employee's life. The merits of retirement policies have been discussed from both the individual and the organisational perspectives. Shaw and Grubbs, for example, have emphasised the need for additional research as a guide to managing the retirement process effectively. Clearly, this need is critical in light of the extension of the mandatory retirement age to 70 (Age Discrimination in Employment Act — ADEA) and the rapid increase in the number of age discrimination lawsuits.
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