2. Leahcim Semaj, Ph.D.
Chief Ideator & Resultant
The JobBank/ Above or Beyond
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Keep In Touch!
www.AboveorBeyondJM.com
3. Re-Thinking Retirement
The Origin of Retirement
(it was no intended to work)
THE AGINGPARADOX Today
Jamaica elderly dependency ratio
The Play-Offs Begin at 60
Retirement is a Challenge that can be met
The pension is not enough
Coping with Old Age in Jamaica
The Psychology of Ageing
Stages of Adult Development
Stage 6. Early Adulthood: Identity vs. Role
Confusion
Stage 7. Middle Age: Generativity vs. Stagnation
Stage 8. Old Age: Integrity vs. Despair
Wellness: The Best Preparation for Retirement
Retirement is Like The Play-Offs - The Final Series
of Games
New Path to Affluence in Jamaica - The tried
and the proven
What Retirement Was?
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4. Re-Thinking Retirement
Retirement today - What will you do with the extra 5840 hours each year after you retire
The Critical Questions
What’s Your Perception of Age? How Do You Experience Change?
How you Experience Change How is Your Family /Social Support Network?
Living Your Passion? Living Your Purpose? Working Hard? / Playing Harder?
Living Healthy? (physical, emotional and spiritual) Are You Financially Comfortable?
Encore Career(s) Identified?
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5. Re-Thinking Retirement
WHAT STAGE ARE YOU?
Stage 1: NEEDS MAXIMUM ASSISTANCE IN PREPERATION - Now is a good time to start
planning for your future. There are actions you can take right now that will help you
position yourself for a more successful “rest of your life”.
Stage 2: NEEDS SOME ASSISTANCE IN PREPERATION - While you have done some
planning regarding your future you might want to focus on the categories where your
scores were the highest and develop a plan to lower those scores where possible.
Stage 3: NEEDS MINIMUMASSISTANCE IN PREPERATION - You have thought about
your future and are doing what you can to ensure you are successful.
LET’S TAKE YOU TO THE NEXT STAGE
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The Origin of Retirement
German Chancellor Otto von Bismarck
◦(in office from 1871 to 1890)
introduced Germany’s first social security
system in 1889
◦the world’s first old-age social security program
◦Initially set at age 70
◦Lowered to 65 in 1916
◦ https://www.ssa.gov/history/ottob.html
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This meant that
A German employee would work his entire
life and near the end would enjoy a relatively
brief "sunset of life,"
financed by the solidarity of all workers
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THE ORIGIN OF RETIREMENT
1891 by Bismark
Then life expectancy was 45 years
By the same rule, today's retirement
should be at 95 years
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THE AGING PARADOX
1900 4% OVER AGE 65
TODAY 13% OVER 65
TODAY 4.5 WORKING TO PAY EVERY PENSIONER
IN 2030 1.7
Jamaica elderly dependency ratio: 13.6 (2016)
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THE AGING PARADOX
Worldwide ratio of
workers between
ages 15 and 64
to retirees over age 65
◦2000 - 9:1
◦2050 - 4:1
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The USA Today
73,000 persons over 100 years old
Fastest growing age group
Tripled in the last 20 years
That number is up 44% from 2000, when there
were only 50,281 centenarians.
(Jan 22, 2016)
13. Jamaica
Has more than 1000 centenarians living among its
2.8-million-strong populace
Over 700 of them on the voters' list
Persons in the over-60 age cohort, especially those
above 80 years old,
◦ were the fastest-growing demographic
At age 60,
◦life expectancy is approximately 25 years
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14. Retirement
10% of the population
◦approximately 280,000 persons
already at, or had exceeded the
official retirement age of 65 years
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16. Retirement is a Challenge
A challenge that can be met
Even though for many of the retirees
◦The pension is not enough
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17. The Cultural Factors
◦ The African Worldview (the past)
◦ Denial, Faith (The Lord will provide)
◦ Hand-to-mouth existence
◦ Children as pension
◦ Bad experience (with insurance agent)
Some Women
◦ Hotness is forever
◦ ‘Pu**y pension’, ‘hairy bank deposits’
Some Men
◦ Parasite, Predator
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The Psychology of Ageing
Mental and Emotional
changes during
adulthood are due
more to your individual
experience
◦than to ageing
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The Psychology of Ageing
Some achieve success
and satisfaction with
their career
Some hate their jobs
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The Psychology of Ageing
Some have a happy family life
Some never found that good man/woman
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Stages of Adult Development
6. Early Adulthood: Identity vs. Role Confusion
7. Middle Age: Generativity vs. Stagnation
8. Old Age: Integrity vs. Despair
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Stage 6. Intimacy Vs. Isolation
Early Adulthood: Friends, Partners
Favourable outcome
Love
Ability to commit
self to others
Unfavourable outcome
Avoidance of Commitments and Love
Distancing of self from others
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Early Adulthood (18-34 years)
Psychosocial Crisis: Intimacy vs. Isolation
The avoidance of intimacy leads to isolation and self-absorption
The counterpart of intimacy is distantiation
◦ the readiness to isolate and destroy forces and people whose essence seems
dangerous to one's own
◦ The danger at this stage is isolation, which can lead to severe character problems
Central Task: Care giving
Positive Outcome: Form close relationships and share with others
Ego Quality: Love
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Early Adulthood (18-34 years)
Definition:
◦ Capacity for mutuality that transcends childhood dependency
Developmental Task:
◦ Stable relationships; Child bearing; Work etc
Significant Relations: Marital partner, friends
Many modes and modalities in harmony:
◦ With partner with whom one is willing and able to share a trust
◦ with whom one is willing and able to regulate the cycles of work, procreation, and
recreation
◦ so as to secure to the offspring all the stages of satisfactory development
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Stage 7. Generativity Vs Stagnation
Middle Adulthood: Spouse, Children
Favourable outcome
Care
Widening concern for what
has been generated by love,
necessity or accident
For your children, work, ideas
Unfavourable outcome
*Self-Indulgence
*Boredom
*Interpersonal
Impoverishment
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Middle Adulthood (35-60 Years)
Psychosocial Crisis: Generativity vs. Stagnation
Generativity is
◦ the concern of establishing and guiding the next generation
◦ Simply having or wanting children doesn't achieve generativity
◦ Socially-valued work and disciplines are also expressions of
generativity
Main question asked:
◦ Will I ever accomplish anything useful?
Central Task: Creativity
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Middle Adulthood (35-60 Years)
Positive Outcome:
◦ Nurturing children or helping the next generation in other ways
Ego Quality: Care
Definition: Commitment to and concern for family and community
Developmental Task:
◦ Nurture close relationships
◦ Management of career and household
◦ Parenting
Significant Relations: Workplace - community & family....
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Stage 8. Integrity Vs Despair
Favourable outcome
Wisdom
*Detached concern for life itself,
*Accepting what has been
*Assurance of the meaning of life
and one’s own life
*Acceptance that one will die
Unfavourable outcome
*Disgust with life
*Many regrets
*Despair over death
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Later Adulthood (60 years-Death)
Psychosocial Crisis: Ego integrity vs. despair
Ego Integrity is
◦ the ego's accumulated assurance of its capacity for order and meaning
Despair is
◦ signified by a fear of one's own death, as well as the loss of self-
sufficiency, and of loved partners and friends
Healthy children
◦ Won't fear life if their elders have integrity enough not to fear death
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Later Adulthood (60 years-Death)
Central Task: Introspection
Positive Outcome:
◦ A sense of fulfillment about life; a sense of unity with self and others
Ego Quality: Wisdom
Definition:
◦ Detached yet active concern with life in the face of death
Developmental Task:
◦ Promote intellectual vigor; Redirect energy to new roles and activities;
◦ Develop a point of view about death
Significant Relations: Humankind ("My-kind').
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34. Wellness: The best Preparation for Retirement
An active process of becoming aware of and making choices toward a
healthy and fulfilling life.
"...a state of complete physical, mental, and social well-being,
◦and not merely the absence of disease or infirmity."
◦ - The WorldHealthOrganization
36. Retirement is Like The
Play-Offs
The Final Series of Games
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THE REALITY
1. How are you going to live for the
next 30 years?
2. How are you going to cope with inflation?
3. Will anyone hire you after 60?
4. After 50?
5. You have no choice
38. 6 Paths to Affluence in Jamaica
The Best & the
Brightest
The Tried & the
Proven
The Fittest &
the Fastest
The Dangerous
& Desperate
Health &
Wellness
The
Resurrection of
Ganganomics
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39. 6 Paths to Affluence in Jamaica
1. The best and the brightest – only way to get a job today
2. The tried and the proven – no more retirement
3. The fittest and the fastest in the world – our natural resource
4. The Dangerous and Desperate – Productive or destructive
5. The resurrection of ganganonics- Our green gold
6. Health & Wellness - Health, Agriculture & Education
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40. Path 2 to Affluence in Jamaica
The tried and the proven - no more retirement
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http://www.aboveorbeyondjm.com/pag
e/services?q=content/tap-talent
41. What Retirement Was?
Our parents saw retirement as an abrupt transition
from a life dominated by work to one exclusively
focused on leisure activities.
For those of us approaching retirement today, needs
and requirements are vastly different than previous
generations.
We live and work longer and play more.
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42. Retirement today
is a gradual process in which work, family,
volunteering, and play is blended to meet individual
needs.
Such a complex transition requires planning to
integrate all of the key components that constitute
a successful retirement.
If you make it to 60 years,
◦your life expectancy is now 85 years.
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43. What are your plans
Do you have a plan to move from a full work
environment
◦to a mix of work, volunteer and/or leisure activities?
Are you ready to make some changes in your
approach to work?
What will you do with the extra 5840 hours each
year after you retire
◦when you’re not sleeping?
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44. What’s Your Plan?
Most of us spend more time planning for a 2 week
vacation
◦than we do in planning out our time for the next 20-30
years!
Having worked with individuals and families in transition,
we have found that
◦the following eight (8) areas all have a significant impact on
the success of “Retirement”.
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45. After reading each sentence,
rate it from 1 – 5 based upon your agreement
with the following statements:
5 – strongly agree
4 – somewhat agree
3 – neither agree nor disagree
2 – somewhat disagree
1 – strongly disagree
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46. (1) What’s Your Perception of Age?
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IS AGE A CAGE?
ARE AGING OF SAGE-ING?
ARE YOU GETTING OLDER OR WISER?
47. (2) How Do You Experience Change
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“We did not come
to fear the future.
We came here to
shape it.”
- Barack Obama
48. (3) How is Your Family /Social Support Network?
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49. (4) Living Your Passion? Your Purpose?
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50. (5) Working Hard? / Playing Harder?
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