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It’s up to you to ensure your employees are retirement-ready

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in Centerpiece,Employee Benefits Program,HR Management,Human Resources

by Rick Unser

How many of your retirement-age employees are just hanging around so they can receive benefits and collect paychecks, simply because they can’t afford to stop working?

Dealing with an aging, financially unprepared workforce is a reality that should concern employers.

Working longer

The 2011 Employee Benefit Research Institute’s Retire­­ment Confidence Survey shows that 41% of workers age 55 or older expect to continue working after age 65, more than double from 2001.

Health care costs for employees older than 65 are more than double that of employees age 45 to 55. And workers’ compensation data show that, while the statistical rate of work-related accidents does not increase dramatically for employees over age 65, when incidents do occur they are more severe and cost more work days.

6 steps to retirement readiness

So it’s in the best interests of employers to improve the re­­tirement outcomes for their employee...(register to read more)

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