Retirement is the phase of life when an individual decides to stop working, typically after reaching a certain age or having completed a designated period of employment. This transition often involves ceasing full-time work and may lead to the individual relying on savings, pensions, social security, or other forms of income to support their lifestyle. Retirement can also signify a shift in daily activities, allowing individuals to pursue leisure, hobbies, travel, volunteer work, or spend more time with family and friends. The concept of retirement varies across cultures and can be influenced by personal, financial, and health considerations.
Anticipated financial changes for retirees include pension hikes and increased aid for storm-affected individuals, pending validation by the Congress of Deputies. Contributive and state passive pensions will increase by 2.8%,…