Employers’ (Lack of) Response to the Retirement Income Challenge

Source: Steven A. Sass, Kelly Haverstick, and Jean-Pierre Aubry, Center for Retirement Research at Boston College, Issue in Brief, #9-13, June 2009

The brief’s key findings from a 2006 survey are:
– Employers expect many of their older workers will need to work longer, but are lukewarm about keeping them.
– Employers are failing to confront a potential disorderly retirement process.
– Firms more inclined to help workers plan for retirement or work longer tend to be large, fast-growing, and worried about “brain drain.”
– Firms that expect many older workers to stay on show no special interest in such retirement initiatives.
– In short, employers appear to view retirement initiatives only as part of hiring and retention, not as a way to ease retirement transitions.

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