Deck 11: Retirement

Question 1

Which of the following Acts first addressed the need of providing disability benefits for disabled workers?

A) Social Security
B) Railroad Retirement
C) Labor Management Relations
D) Age Discrimination in Employment

Answer 1

B

Question 2

Which legislation makes it illegal to discriminate against employees based on age?

A) Social Security
B) Railroad Retirement
C) Labor Management Relations
D) Age Discrimination in Employment

Answer 2

D

Question 3

Mandatory retirement was ______.

A) a strategy to recruit individuals that were highly retainable
B) a tool used to remove older workers and replace them with younger workers
C) a way to keep the workplace safe due to the problems with other adult's cognitive functioning declines
D) legal until 1994

Answer 3

B

Question 4

The Industrial Revolution ______.

A) highlighted potential skill obsolescence
B) included slow changes in manufacturing
C) reduced the use of mandatory retirement
D) did not impact older workers

Question 5

All of the following are historical factors that impact retirement trends EXCEPT ______.

A) the economy
B) the diversity of retirees
C) financial resources
D) marital satisfaction

Question 6

Older adults who have more financial resources or greater pension funds may ______.

A) have greater flexibility in deciding when to retire
B) have greater jobs satisfaction
C) need to continually reevaluate their resources
D) make poorer financial decisions related to retirement

Question 7

Women who are unable to retire because of a disrupted workforce pattern and wage gap reflects ______.

A) the diversity of retirees
B) gender equality
C) the superwoman phenomenon
D) the feminization of poverty

Question 8

Shelia is a female who cares for her 14-year-old twin daughters and her aging father. She makes less than her male counterparts. This best highlights ______.

A) feminization of poverty
B) the sandwich generation
C) lack of financial security
D) career work-life extension

Question 9

The differences in time in retirement depends on all of the following EXCEPT ______.

A) financial resources
B) socioeconomic status
C) personal longevity
D) type of white-collar work

Question 10

Education impacts the experience of retirement by ______.

A) impacting the accumulated financial resources over time
B) reducing the range of career choices
C) leading to blue-collar jobs
D) resulting in a less favorable retirement situation

Question 11

Of all of the factors, one of the most influential determinants of when a person decides to retire is ______.

A) health factors
B) financial factors
C) their attitude toward the experience
D) educational experience

Question 12

Someone who decides to retire because they are excited to spend more time with grandchildren would be an example of a(n) ______ factor.

A) pull
B) push
C) extraneous
D) intrinsic

Question 13

Mr. Woo decided to work a part-time job as a cashier after retiring from working for several years as an IT consultant. This is a good example of ______ retirement.

A) leisure seeking
B) gap management
C) gliding out
D) bridge

Question 14

Preretirement planning programs might offer ______.

A) a shifting of attitudes related to retirement
B) activation of mental health resources
C) counseling related to legal plans
D) training in investing in the stock market

Question 15

Individuals who have a higher education tend to ______ preretirement planning compared to those with less education.

A) have similar
B) engage in less
C) engage in more
D) not engage in

Question 16

Positive outcomes of retirement might include ______.

A) exploring a new hobby
B) increased stress
C) financial strain
D) increased loneliness

Question 17

After leaving the workforce, most retirees ______.

A) are satisfied with their decision
B) are unsatisfied with their decision
C) need to return due to financial concerns
D) experience high emotional instability

Question 18

Continuity Theory examines ______.

A) the higher rates of depression among retirees
B) why some retirees can adjust better to loss of work
C) the challenges of ageism in the workplace
D) how social supports impact involuntary retirement

Question 19

19. Which of the following is not one of the profiles identified by Chevalier et al. (2018)?

A) eager to retire
B) ambivalent
C) anxious-ambivalent
D) reluctant

Question 20

Reverse retirement refers to ______.

A) push and pull factors
B) interpersonal factors that relate to retirement adjustment
C) reentering the workforce after retirement
D) making a career change

Question 21

Thomas Payne attempted to avoid later-life poverty by proposing an inheritance tax.

Question 22

The retirement and pension system has been heavily shaped by the support of military soldiers.

Question 23

The Social Security Act originally identified that age 65 was the normative requirement for retirement age.

Question 24

The Age Discrimination in Employment Act extended the focus of the Revenue Act of 1942.

Question 25

The sandwich generation include aging Baby Boomers who have to care for older and younger generations.

Question 26

Societal ideas of what it means to be a baby boomer retiree are often realistic.

Question 27

Retirement trends have been studied through use of social observation, case studies, interviews, and focus groups.

Question 28

Affordability of being retired for an extended period is unrelated to retirement decisions.

Question 29

One identified type of retirement thought includes contemplation about when it is best to exist from a long-term job.

Question 30

Those with higher level occupations may experience lower degrees of job satisfaction.

Question 31

What was the Older Workers Benefit Protection Act?

Question 32

What is the difference between work identity and retirement identity?

Question 33

What are two profiles for motivation to retire as identified by Chevalier et al. (2018)?

Question 34

What are two examples of leisure activity engagement as it relates to retirement?

Question 35

What does it mean to "age in place?"

Question 36

Describe the impact of the Industrial Revolution on retirement in the United States.

Question 37

What is the difference between a push and a pull factor in relation to retirement? Provide examples.

Question 38

What is involuntary retirement, and how might it impact an individual?

Question 39

How might gender patterns and expectations influence retirement?

Question 40

Describe the positive and negative aspects of retirement on an individual.