Early retirement numbers are down

Fewer workers retiring before age 60
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|hrreporter.com|Last Updated: 09/05/2003

After reaching an all-time high in 1997, early retirement rates have tapered off, according to an article written by Statistics Canada’s Labour Statistics Division.

Using Labour Force Survey data, the article found that at the start of the 1990s, 30 per cent of workers retired before age 60. That figure increased steadily until 1997, when it peaked at 46 per cent. Since then, the number of early retirees has declined to the 2000 level of 40 per cent.

In addition to the numbers, the article also notes the following early retirement facts: