by Erin Doane, Senior Curator
Our newest exhibit, Marking Life’s Milestones: Celebrations, Commemorations, and Cake (on display through May 2026), explores the big events in peoples’ lives from birth to death and the notable happenings in between. To celebrate the opening of the exhibit, I want to share one of those milestones here – Retirement. The concept of retirement is relatively new. In the early 1800s, the average lifespan of someone who had survived childhood was around 50 to 60 years. People simply worked until the end of their lives. As lifespans have increased, people have had to figure out what they would do when they could no longer work and how they would finance their later years.
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Residents of the Elmira Home for the Aged, c. 1910s |
Whether one lived with family, on their own, or in a group residence after retirement, it all cost money. Private pension plans first started in 1875 with the American Express Company. The Baltimore & Ohio Railroad Company established the first employee contribution plan for retirement in 1880. Other railroad companies soon followed. By the 1920s, 84% of railroad workers were covered by pension plans.
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Retirement certificate given to Eli L. McNebb after 36 1/12 years of service in the Elmira Division of the Pennsylvania Railroad Company, January 1, 1927 |
In 1935, Social Security was enacted to provide federal benefits to those over the official retirement age of 65. The Revenue Act of 1978 established 401(k) plans for individual retirement investment. These sources of post-work income allowed more people to enjoy a comfortable retirement.
Healthcare was, and still is, a major concern for
retirees. The National Retired Teachers Association was established in 1947 to
assist former teachers with health insurance. AARP, which was founded in 1958,
evolved from the National Retired Teachers Association. Its mission is to
enhance the quality of life for all as they age, to lead positive social
change, and to deliver value to members through advocacy, service, and
information. Medicare, a federal health insurance program, was signed into law
by President Lyndon B. Johnson in 1965.Individual Retirement Account checkbook cover from Marine
Midland Bank
Even
with housing, post-work financing, and healthcare all taken care of, some
people just want to keep working. In most jobs that’s not a problem, but some
professions have enforced retirement ages. Commercial pilots, for example, are
required to retire at the age of 65. Other careers with
mandatory retirement include air traffic controllers at 56, FBI agents,
national park law enforcement rangers, and federal firefighters at 57, and foreign
service officers at 65.Mug Commemorating the 50th Anniversary of Elmira Chapter
276 AARP, April 16, 2014
Retirement
is a celebratory milestone in people’s lives. It became a tradition in the mid-20th
century to recognize longtime employees at annual banquets or parties. Local
companies like Bendix, Howell, Hygeia, Hilliard, and Conrail gave employees
pins commemorating their years of service. They also honored retirees with
gifts and cake.Trophy awarded to Glenn S. Banfield by the Chemung County
board of supervisors upon his retirement as airport manager in 1970
Pins for 25, 30, and 35 years of service with the Star Gazette awarded to Betty Schneck Betty Schneck, seen here on March 8, 1962, retired from
the Star Gazette in 1985 after nearly
40 years of employment.
Learn how people marked life’s other milestones
throughout history and see how things have changed over time in Marking Life’s Milestones: Celebrations,
Commemorations, and Cake on display at the Chemung Valley History Museum
through May 2026.Eddie Hart received a watch upon his retirement from the
Chemung County Building Department in 1977.