1. INTRODUCTION:1.1. Purpose: The purpose of the research is to study the lifestyle of retirees in Melbourne. The purpose of writing this report and conducting the study is to raise awareness about the problems faced by retirees and how they live after retirement. The report also highlights the importance of planning for retirement life before retirement age. The report is written for the Minister of [complete sentence]1.2. Context: After retirement most people live alone with their partner, live as breadwinner or as a grandparent. Some of them move to retirement villages to meet their basic daily needs in the limited resources. According to the law, employers must contribute to the retirement of employees and this is done by paying almost 9.5% of the employee's salary to the pension fund [1]. This law is applicable to all employees whose age is between 18 and 70 and who works more than 30 hours per week. Individuals can also finance their pension to secure their life in retirement. The pension fund can only be withdrawn after reaching the age of 55 and for this there is strict legislation. It can be withdrawn in capital or in the form of an annuity [2]. According to research, most men live 18.5 years after retirement and most women live more than 23 years after retirement, while their pension funds last for almost 10 years of retirement age [3]. That is why now the authorities are trying to increase the retirement age so that people can work a little longer as organizations give preference to young employees and do not want to hire old minds. It is said that after retirement most people become depressed due to the loss of their daily work routine. According to research, pensioners face serious relationship problems and this leads to health problems [4]. The report is basically about pensioners facing such difficulties and asks the government to become aware of the problems that arise after getting pensioner. The importance of this relationship cannot be overlooked because today pensioners represent the most important part of our society and sooner or later everyone must reach the point where they will become a victim of these problems. This report will provide important statistics regarding the reasons for retirement and other factors that influence the retirement decision.
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