Before now, only those who are about to retire bother about programmes such as this. Today, however, instability and uncertainties in the business world impacts the employment domain more than any other such that retirement has gained new definitions to include many who hitherto were within the employment bracket. Many ordinarily within the employment bracket lose their jobs through layoffs, Mergers and Acquisitions, organizational restructuring, buy-outs, fold-ups etc.
Current economic realities have helped to shape the aspirations and hopes of today’s employees for the future, including life after paid employment in retirement. Governments and employers now seek to redefine the strategies to support households and employees in building up retirement income funds. Employer pension provision now throws down a major challenge to all employees to accept a greater personal responsibility for planning their own retirement.
While the desire for a comfortable retirement is universal, an individual’s retirement planning will need to be personalized and with the world’s population of retired people set to increase three-fold to over 1.5 billion by 2050, it is important that the lessons learnt by today’s retirees are passed on to today’s retirement savers.
This course is therefore designed for participants to examine the views and experience of current retirees and explore the kind of retirement realities facing future generations, and more importantly, what the next generation can do differently to prepare for that retirement.