I think it is a good thing that Lawrence Price has a family history and been on the board since 2012. Hopefully he learnt something about the companies history in the last 10 years
After 40 years I feel Retirement is more appropriate that resignation and I wish Steve a long and happy retirement. After joining at 16 in 1983 he must be about 56, assuming he is financial enough it is the perfect age to retire. Also hopefully he has a Morgan to enjoy.
In 1985 after finishing my degree I joined the Australian Government as a Computer Programmer and was left in the library for a week while they decided what area needed me. While sitting there I read a pamphlet on the working conditions etc. including superannuation and retirement. The rules back then was you could retire between 55 and 65 collecting a pension based on your contributions, final salary and years worked. The interesting part was a study that showed that people in that super fund who retired at 55 lived on average 18 years until 73 and people who retired at 65 lived on average 9 months. Life expectancy has gone up since then but the difference is startling.
Based on that retiring at 55 makes the most sense. I retired at 55 once I could start my pension but then went back soon after and so far have worked for another 3.5 years, the money is handy and certainly helped pay for the renovations at my sons house but a little voice keeps telling me to quit and enjoy retirement before it gets too late and I end up with only 9 months retirement.
