If it is retirement from being a government employee, the amount of retirement fee paid to retired people is usually large. So after retirement, they enjoy life most of the time.
The essence of this policy is to avoid pensions, where each worker will only be contracted for a short period, usually ranging from 3 months to 1 year. It is wise for companies to get fresh employees every year by maximizing their productive age, rather than signing long-term contracts with employees whose productivity levels decrease.
By implementing short contract rules, companies now do not need to spend large amounts of money on their employee pension funds. It is a profitable option for those who have employment. As long as the level of employment in a particular area is low enough compared to the workforce, monopoly will easily occur there. Imbalance causes unhealthy rules to emerge. Including pension funds that will never exist.