what does it mean, a sudden event marked by a sentimental speech and a carriage clock?

Dun

New member
what does it mean, a sudden event marked by a sentimental speech and a carriage clock? is it a reference to a story that i don't know?

see the source:
"Companies will have to do more than this if they are to survive the silver tsunami. They will have to rethink the traditional model of the career. This will mean breaking the time-honoured link between age and pay—a link which ensures that workers get ever more expensive even as their faculties decline. It will also mean treating retirement as a phased process rather than a sudden event marked by a sentimental speech and a carriage clock."
 
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