Q3 — 2017 :
Chapter 03
Disruptive Aging, Effective Communication and the Impact of Caregiving
Employer Research Examining Retirement Benefits and Attitudes

A new study by nonprofit Transamerica Center for Retirement Studies® (TCRS), All About Retirement: An Employer Survey, showcases employers’ perspectives, offerings, and business practices related to employee benefits. The finding suggests that employers may be failing to meet the increasing demand for flexible retirement programs.

As part of its 17th Annual Transamerica Retirement Survey, TCRS interviewed more than 1,800 for-profit employers with five or more employees. This is one of the largest surveys of employers of its kind and includes both those that offer retirement benefits and those that don’t. The report compares findings by company size and offers recommendations for employers, workers, and policymakers. Key findings include:

Are employers aging-friendly?

  • 71% consider themselves to be “aging-friendly” by offering opportunities, work arrangements, and training and tools needed for employees of all ages to be successful.
  • However, 27% cited employment-related reasons, such as layoffs, as common reasons for retirement.

Is 65 still the magic number?

  • 72% of employers believe many of their employees expect to work past age 65 or do not plan to retire.
  • 69% think that most of their employees could work to age 65 and not save enough to meet their retirement needs.

Is it possible to ease into retirement?

  • Only 39% of employers offer pre-retirees flexible schedules; 31% enable pre-retirees to shift from full-time to part-time, and 24% offer the opportunity to shift to positions that are less stressful or demanding.

The full reportpress release, and more information are available on TCRS’ website. Click here to read an article about the research, Hoping for a Phased Retirement? Don’t Count on It, written by Kerry Hannon.

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