CEOs plan late retirement

Love of the job and financial concerns will keep people on the job longer
By Shannon Klie
|Canadian HR Reporter|Last Updated: 11/20/2006

Canadian CEOs like their jobs too much, and derive too much meaning from them, to retire any time soon, according to a new survey.

The poll of 150 chief executives and business leaders, conducted by Toronto-based opinion and research company Compas, found only 44 per cent of top executives plan to retire by age 65, while about one-quarter will keep working full time and one-third prefer semi-retirement.

The sense of achievement work provides, the enjoyment of the job and the job’s financial rewards are the top three reasons for postponing retirement, according to the study