Can You Be Fired After Announcing Your Retirement?
While it’s not common, there are several cases where employees have been fired after announcing their retirement. That is usually because the company fears employees will start working less once they retire.
Notifying your employer is highly recommended if you plan on having an early retirement. No legal requirements exist for how much notice or time a company needs before an employee retires, but some companies demand that employees specify a retirement date.
Although mandatory retirement is illegal, your chances are pretty high. A 24-year study by ProPublica and the Urban Institute found that roughly 56% of workers over 50 experience at least one termination.
How Likely Is It That You Will Be Fired After Announcing Your Retirement?