Abstract
This paper investigated the need to raise Mandatory Retirement Age (MRA) and to what level, in Uganda; as a policy towards addressing the challenges that emanate from rising life expectancy and unemployment. Guided by two theories: time allocation theory and positive theory of early retirement; while using the Early Retirement Incentives (ERIs) of the public service pension scheme as a probing tool, with probit simulations as estimation techniques on public servants’ retirement dataset (2017), results strongly support increment in the MRA from 60 to 65. For the named socioeconomic challenges, the policy is more effective if jointly implemented with a rise in Early retirement age from 45 to 55.
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