Traditional retirement possibly becoming a thing of the past

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Charisse JonesIt may be time to redefine retirement.A new survey of American workers from the Transamerica Center for Retirement Studies found that 82% of the respondents age 60 and older either are, or expect to keep working past the age of 65. Among all workers, regardless of age, 20% expect to keep on working as long as possible in their current job or a similar one.“The days of the gold-watch retirement where we have an office party and maybe some punch and cookies and never work again are more mythical than a reality,” said Catherine Collinson, president of the retirement studies center. “Very few workers actually envision that type of retirement and many plan to keep on working part-time even after they retire.“It even raises the question is retirement the right word.”The new retirement horizon should encourage employers to reconsider the way they view their staffing.“It’s a call to action … to really revisit basic workforce management principles,” Collinson says, “The reality is that as a society we have workers who are looking to work much longer than 20 or 30 years. They’re also an important part of the economy because they’re consumers as well. ” continue reading »last_img read more

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