Retirement is the phase in an individual’s life when they choose to permanently leave the workforce, typically due to reaching a certain age or after completing a designated period of employment. This transition often involves a cessation of regular work activities, allowing individuals to pursue personal interests, leisure activities, or part-time work if they desire. Retirement can be accompanied by financial planning to ensure adequate income through pensions, savings, or social security benefits. It marks a significant life stage where individuals often reassess their goals, engage in hobbies, travel, volunteer, or spend more time with family and friends. The specific age at which people retire varies by culture, profession, and personal circumstances, reflecting changing societal norms, economic factors, and individual health considerations.
New pension regulations have been enacted, promising significant benefits for retirees. On Monday, the executive approved two crucial royal decrees focusing on pension enhancements and reforms. The first decree addresses…