Why do some people opt for voluntary retirement?In many organisations and companies there is a provision of early voluntary retirement. Under these schemes generally a person gets some additional amount along with his funds etc accumulated so far.
Some people opt for these schemes and take retirement. I have always been thinking what are those compulsions under which people are opting for such early withdrawal from work place.
If we analyse this issue then it is well known that the people can work very well even unto an age of 65-70 years depending upon their health conditions and most of them will welcome an increase in their service tenure if that is being offered to them. In addition to this the job situation is such that after taking retirement from one place it is not easy to get a good job elsewhere. So it does not make sense to go for voluntary retirement.
I seek opinion of the members on this - why do some people opt for early retirement?