Compas Poll / Survey

In the wake of legislative changes bringing an end to compulsory retirement, members of the COMPAS CEO and business leader panel were asked about their own plans and about the appeal or lack thereof of retiring from the work force.

A plurality (44%) do plan to retire by age 65. But most do not intend to retire fully or at all; they want to maintain their present workload or reduce it or are not sure precisely what they would like to do.
The majority want to keep working because they find work satisfying. The three biggest reasons to stay on are the pleasure of working, the appeal of money, and respondents’ confidence in knowing how to excel at what they are doing.

The main reasons for retirement are greater opportunities for recreation and family time.

Members of the panel were asked to estimate the post-retirement income of the three CEOs whose financial situation they know the best. On average, these CEOs can expect to retire with 63% of their pre-retirement income.

These are the principal findings from the weekly business web-survey conducted by COMPAS for the Financial Post under sponsorship of BDO Dunwoody LLP.