As older workers look to retire, companies reckon with how to replace outgoing skillsets. The youngest baby boomers are around 55 years old. The oldest are in their 70s. Most Americans don’t remember a workforce without the largest generation. And yet, as boomers enter their final years in the workforce, their retirements are …
Labour-force participation rates are rising for older people in advanced economies THE golden years of retirement, when decades of toil are traded for some downtime, are starting later. In the mid-1980s, 25% of American men aged 65-69 worked; today, nearly 40% do. The situation is the same for younger men. …
Although we will probably spend 20 years or more in retirement, we don’t think about it enough. The third in a series of farewell blogs IF YOU reach the age of 65 in the OECD, you can expect to live for another 19 years or so (more if you are a …
Sue Ellen King had circled her retirement date on the calendar: March 8, 2015. She had worked as a critical care nurse and nursing educator at University of Florida Health (UF Health) in Jacksonville, Fla., for 38 years; co-workers joked that she was there when the hospital’s foundation was laid, which happened to …
CHICAGO (Reuters) – Ten years on from the financial crisis, many U.S. state and local public pension systems are still the worse for wear. Investment returns have been uneven and funding levels have yet to recover. Many pension funds have meanwhile attempted to boost returns by loading up on alternative …
Prospects for average income during retirement are becoming bleaker THE world economy and most asset markets are buoyant. But for future generations of retirees, their strong performance is of scant comfort. The latest pension report from the OECD, a club of mostly rich countries, notes that whereas public spending on …
A pension fund in Cleveland became the first plan to approve benefit cutsfor current retirees — even though it is still years away from running out of cash. The move, some critics say, could open the door for other troubled pension plans to follow suit. The financially strapped Iron Workers …
Pension plans have grown increasingly rare, and American workers aren’t saving enough for retirement, as 401(k)s dominate employer-offered retirement plans. JANUARY 4, 2017 —Ted Benna is known as the father of the 401(k). As a benefits consultant with the Johnson Companies in suburban Philadelphia in 1980, he was among the …
The ultimate sea change might be to spend your golden years afloat. Retirement has often been synonymous with quietly living out your golden years in a sunny climate. But for a more adventurous breed of retirees, the end of work life opens a door to a more extreme type of …
Brexit has stressed EU nationals living in the UK – but it has also thrown the fates of hundreds of thousands of British nationals in the EU into uncertainty. EYMET, FRANCE — Throughout France’s Dordogne region, dotted with châteaux and vineyards, and home to some of the country’s finest delicacies, British …
CHICAGO (AP) — It was a striking image. A photo of an 89-year-old man hunched over, struggling to push his cart with frozen treats. Fidencio Sanchez works long hours every day selling the treats because he couldn’t afford to retire. The photo and his story went viral and thousands of …
Almost two-thirds of older U.S. adults say they’ll choose work over retirement after they reach age 65, a new survey shows. MONDAY, June 20, 2016 — Almost two-thirds of older U.S. adults say they’ll choose work over retirement after they reach age 65, a new survey shows. “Not only are …
