Targeted Benefits Help Baby Boomers Stay at Work, Prepare to Retire

Employers who offer benefits specifically for older workers have two goals: to help their older employees stay at work longer and prepare them to leave when the time is right. That’s because some older workers are still at the top of their game, with experience and skills that would be hard to replace, while others may have already “retired in place,” signaled by a loss of interest in their work and a drop in productivity.

Lauren Hoeck, senior director of retirement consulting at Willis Towers Watson in Washington, D.C., said employers should be mindful of both these challenges by offering benefits that address:

  • The loss of knowledge and skills when too many high-value workers leave for good.
  • The problems that arise when older workers delay…

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Credit to Stephen Miller, CEBS for the original post.

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