[Answer] What is meant by a “retirement period” for records?

Answer: The period of time which records are to be retained before being removed from a current files area to a designated local storage area. (NOTE: A retirement period must be distinguished from a retention period)
What is meant by a “retirement period” for records?

A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or “retained ” irrespective of format (paper electronic or other). Retention periods vary with different types of information based on …

Previously low life expectancy and the absence of pension arrangements meant that most workers continued to work until death. Germany was the first country to introduce retirement benefits in 1889. Nowadays most developed countries …

Retirement – Wikipedia

Information lifecycle management – Wikipedia

Life annuity – Wikipedia

Retirement – Wikipedia

Records management also known as records and information management is an organizational function devoted to the management of information in an organization throughout its life cycle from the time of creation or receipt to its eventual disposition.This includes identifying classifying storing securing retrieving tracking and destroying or permanently preserving records .

Public records are documents or pieces of information that are not considered confidential and generally pertain to the conduct of government.. For example in California when a couple fills out a marriage license application they have the option of checking the box as to whether the marriage is “confidential” (Record will be closed and not opened to public once recorded) or …

Data retention defines the policies of persistent data and records management for meeting legal and business data archival requirements. Although sometimes interchangeable it is not to be confused with the Data Protection Act 1998.. The different data retention policies weigh legal and privacy concerns against economics and need-to…

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