Mandatory retirement age is the age at which companies or working professionals who have worked for a long time are legally required to leave their work or immediately retire. It is also known as compulsory retirement. This age is based on the International Labor Organization Minimum Age of retirement set by the governments of the countries. It is usually around the age of sixty-five. This age is set to help protect the employees from redundancy.
Many employees believe that companies do not mind hiring older physicians because they are more capable than younger ones. It is true that the older physicians are more experienced and thus, have more years under their belt. However, the fact is that these physicians are not only more experienced but also, they are also less prone to becoming ill, especially if they practice at smaller clinics or hospitals, where they can’t get as much practice. Larger hospitals and clinics, on the other hand, usually prefer younger physicians who are more apt to become ill. Thus, companies often find it wiser to hire and keep older physicians. These are just a few of the reasons why physicians consider mandatory retirement age an advantage.
The United States Departments of Labor and Employment Services Bureau has placed six specific conditions under which a person should retire based on their age, experience and location. These conditions include, among others, that the workers should have worked for their company for at least five years and that they should have worked for the company for at least one year. The Bureau also stipulates that the workers must have retired from jobs that pay at least one million dollars before they are eligible for retirement. Above all, judges must retire on the date stipulated by their retirement age. The judges are only allowed to retire after completing their service.
The Facts About Mandatory Retirement Age
There are many critics of mandatory retirement ages. These are mostly from the business world, where companies are afraid of investing in workers who might become insubstantial. However, most of these critics blame the employers for not offering enough medical benefits and opportunities to their employees. A worker who is eligible for retirement may be denied this right of early retirement because of a misunderstanding on the part of the company regarding retirement age requirements.
According to health care experts in California, however, doctors and patients’ advocacy groups are starting to push for increased studies and awareness regarding mandatory retirement ages. “The fact is that physicians and other medical professionals need to have some idea of the average life expectancy of the people they are treating,” said Dr. Joseph Garcia, associate clinical professor of medicine at Stanford. “And unfortunately, the last thing that any doctor wants to do is say, ‘I can’t help you because the median age for your race is 65 years old.’ “
The California State Medical Society and the American Medical Association are planning to convene a task force to determine ways to reduce the mandatory retirement age. However, both groups agree that steps must be taken to protect the interests of both patients and physicians. The California State Medical Society wants to make sure that physicians’ retirement age is lowered to that of the average life expectancy of the general population. For the doctors, it would mean less work for them, because patients would only need to see them once every few years. The association also wants to make sure that employers don’t dismiss qualified physicians just because they are past the recommended retirement age.
The Bottom Line
The National Association of Boards of Medicine, which represents more than 25 percent of the nation’s medical board certified physicians, believes that there needs to be an examination for mandatory retirement age of 70. “This will provide an opportunity for future care planning for physicians,” said Dr. William Cook, national board president. However, California does not appear to be among the states with anti-discrimination laws that protect against early retirement. Only one state – Vermont – has such a law. California seems to be one of the last states to consider mandatory retirement age as mandatory employee benefits.