Table 3.3.1 Reasons for retirement for recent retirees, by nature of retirement, age at retirement and level of education, 2002

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.

Statistics Canada - Government of Canada

Table 3.3.1
Reasons for retirement for recent retirees¹, by nature of retirement, age at retirement and level of education, 2002
	Retirement was financially possible	Eligible for pension	Early retirement incentives	Job was downsized	Unemployment	Own health	Mandatory retirement policies	Care for family members
	percent
Total	65	43	20	14	6	27	13	8
Nature of retirement
Involuntary	34	27	14	25	15	44	15	7
Voluntary	76	50	23	10	2	20	12	8
Age at retirement
50 to 59	62	42	29	17	7	28	10	8
60 to 64	69	46	18	13	6	25	11	8
65 and over	64	43	3	6	3	24	20	7
Level of education
Less than high school	57	39	11	13	8	34	12	8
High school diploma	67	43	24	16	6	23	12	9
College	66	39	23	15	5	28	13	7
University degree	74	57	27	10	2	17	16	9
1. Recent retirees are those who were retired at the moment of the survey or who had retired between 1992 and 2002.
Note: Multiple reasons permitted, therefore totals will add to more than 100.
Source: Statistics Canada, General Social Survey, 2002.