When a person reaches a certain age, the capacity of doing work reduces. In other words, the efficiency of a person deteriorates with respect to time and age. Therefore, the concept of retirement is introduced according to which when a person reaches 60 to 65 years of age (on average varies among countries) they get retired from the workforce. Hence, retirement is a concept in which a person officially leaves the workforce.
Furthermore, the person who gets retired receives a certain amount of money at the time of retirement. In addition to this, a monthly income in the form of a pension is also offered to the retiree. These retirement and pension amounts vary accordingly in different countries.
Another concept related to this is retirement planning. To have a better and stable living standard for the whole life it is better to have good retirement planning. It includes the strategies of saving, investment, and allocation of money effectively. To know more about it kindly go through these 70+ funny retirement trivia questions that will easily help you to learn about it.
Funny Retirement Trivia Questions
What is the average age of retirement?
Answer: 65 on average
When was the first Social Security payment made?
Answer: On January 31, 1940
To whom the payment was made?
Answer: Ida May Fuller
Who instituted the first social security plan in Germany?
Answer: Otto Von Bismark
What does CODA stand for?
Answer: Cash or Deferred Arrangements
What was the first employee-based retirement saving plan?
Answer: 403(b)
When was the plan developed?
Answer: In 1958
Who established the 401(k) plan?
Answer: Congress
When was the plan established?
Answer: In 1978
Which plan was established first?
Answer: CODA
Which company set up the first private pension plan in the US?
Answer: The American Express Company
When was the plan created?
Answer: In 1875
How many types of retirement plans are there?
Answer: Two
Read more: 50+ Best funny workplace trivia questions
What are the categories of retirement plans?
Answer: Defined benefit plans and defined contribution plans
How benefits are calculated in the defined benefit plans?
Answer: Using a fixed formula
What does the IRA stand for?
Answer: Individual Retirement Account
Which company terminated its employee pension plan in 1963?
Answer: Studebaker
Which act was passed by Congress in 1974?
Answer: ERISA
What does ERISA stand for?
Answer: Employee Retirement Income Security Act
The Act resulted in the creation of which corporation?
Answer: Pension Benefit Guaranty Corporation
Which Act resulted in the creation of the Roth IRA?
Answer: The Taxpayer Relief Act of 1997
What share of the annual salary a do worker get on retirement?
Answer: Half
Which companies were the last to adopt the new retirement plans?
Answer: Manufacturing companies
How does ERISA make pension plans more secure?
Answer: By establishing legal participation, accountability, and disclosure requirements
What ensures employee benefits in case of pension plan failure?
Answer: Pension Benefit Guaranty Corporation
In which type of plan the worker exactly knows how much they will get in retirement?
Answer: Defined-benefit plans
Who proposed the Social Security Act of 1935?
Answer: President Franklin Roosevelt
What is the origin of the pension plan system in India?
Answer: Back to the colonial period of British India
Which pension plan is offered by the majority of the companies?
Answer: 401(k)
Retirement is an emotional moment for a person. In such a situation, you can arrange a retirement party to make the person happy. Virtual retirement parties are an amazing option in the current scenario. Hence, to make the party more enjoyable we are enlisting some funny virtual retirement party trivia questions you can ask the person and share laughs with each other.
Funny Virtual Retirement Party Trivia Questions
What was your worst moment at work?
What will you miss more after retirement?
What is the funniest thing you have done?
Who was more helpful to you among the colleagues?
Have you ever been warned by the boss?
Who is the person you envy the most?
Try these trivia questions also: Funny Trivia Questions
What is the one thing you dislike about yourself?
What was the happiest experience at work?
Has your personality changed working in the company?
What do you regret most in your tenure?
What was the best thing about the company?
Have you ever experienced an embarrassing moment at the workplace?
What good things about the company do you tell everyone?
Have you won an award during your tenure?
Is there any secret crush you have had at the workplace?
What is the most important lesson you have from your colleagues?
Is there any food item you will miss from the cafeteria of the company?
What was your designation at retirement?
If you get another chance to choose a company will you choose the same?
Would you encourage newcomers to come to the company for a job?
Can you describe your experience with this company in one word?
What was the weirdest thing you did during your tenure?
One thing you want to change in the company?
What were the rules and regulations at the workplace?
Is there any epic moment in the organization?
Have you done any retirement planning?
What would you do with your retirement benefits?
Has any of your colleagues inspired you throughout your tenure?
How will you spend your days after retirement?
What is the most creative thing you have done at workplace?
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