Shortly after my mom retired, she was offered a part time position with the school system to help at risk children. At the rate they were going to pay her. She could only work 10 hours a week without it cutting into her pension. She negotiated a pay cut so she could work more hours and still be useful. So she definitely didn’t need the money. [1]
They took the money she earned and went on three month cross country road trip.
After the funding was up for that, she tried to retire again and then another opportunity came up. By now they are both over 62 and getting both of their social security checks, her pension, and my dad is getting money from his annuity that he bought with part of his retirement savings.
She still was kind of bored so she made the same deal again. They took another three month road trip and used some of the money to both fix up their house and increase the size of it by 50%.
[1] most of the time you can work without affecting your pension unless it’s for the school system.
Some of my teachers in high school were retired industry executives who taught for the love of it. At least in the US, “retirement” is often about choosing to be a productive and social member of the community without optimizing for the paycheck. It gives them a sense of purpose. I can’t speak for retirement in other cultures but in the US many retirees take an enormous amount of pride in generating value to society even if it doesn’t generate income. My grandparents and great-grandparents were all like this, and they loved it. Sometimes it generated income but they didn’t need it.
I could easily see myself doing the same thing as they did.
No, what the first two sentences describes is institutionalization (or environmental socialization), not social contract. The same thing that extensive periods in prison, or war, or any number of other hostile environments do that make it hard for people to adjust to any other living situation.
I've grown up seeing many retired folks having their own tiny business or just running their family businesses, but the greeter thing doesn't sit well with me. I don't know why it makes me so deeply uncomfortable. It feels like some kind of a breakdown of a social contract.