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The Future of Retirement: Employee Preferences and Policy ...
2024-09-19 05:40:08
Business
Retirement
Employment

The Future of Retirement: Employee Preferences and Policy Challenges

A recent survey of 5,000 employees revealed that only 57% wish to work until the standard retirement age. Financial stability and motivation are key factors influencing this decision.

High earners and highly committed employees are more likely to continue working until retirement. Additionally, effective occupational health management and preventive measures can help prevent early retirement.

The study highlights the need for pension reform, as the retirement age is not keeping pace with rising life expectancy. Financial incentives, health initiatives, and tailored job offers are necessary to encourage older workers to remain employed.

Without these measures, the workforce could see a significant decline, with projections indicating a potential loss of 1.5 million workers by 2035.

Related news on that topic:

Addressing Pension Shortfalls in the UK

Recent research from the Institute for Fiscal Studies (IFS) highlights a significant concern regarding pension savings among UK private sector employees. Less than half are contributing adequately for a comfortable retirement, with 20% not saving in workplace pensions at all. The IFS suggests crucial reforms, such as automatic enrollment for young workers and mandatory employer contributions, targeting low earners while increasing contributions for higher earners. With an ageing population and a growing workforce, these measures could substantially enhance retirement incomes by 12-16%. As the government faces a funding gap, these proposed changes aim to ensure that more individuals achieve the minimum retirement standards set by the Pensions and Lifetime Savings Association.

The press radar on this topic:

rp_online
18. September 2024 um 19:30

Representative IW Survey Among 5000 Employees: Only 57 Percent of Workers Want to Work Until Retirement Age

Economy
Politics
Survey among 5000 employees: Only 57% want to work until retirement. Differences between age groups are small. Motivation and financial reasons are important. Pension reform is necessary, as the retirement age is rising more slowly than life expectancy. The removal of the additional earnings limit could create momentum. Workplace health management and prevention can help prevent early departure.
n-tv.de
18. September 2024 um 22:31

Employees cite reasons: Almost 40 percent want to retire early - n-tv.de

Economy
Politics
Almost 40% of employees want to retire early; differences between age groups are small; income level influences desire to retire; securing the standard of living is the most important factor.
heise online
19. September 2024 um 05:12

Keeping Older People in Jobs Longer with PCs and Assistive Devices: Study Sees Potential | heise online

Economy
Politics
Environment
Technology
According to a study, comprehensive measures could gain a workforce of 1.36 million full-time employees among the 55- to 70-year-olds by 2035. This corresponds to about 1.5 million older people, reported labor market expert Eric Thode from the Bertelsmann Foundation. To encourage people in the final phase of their working lives to work more, stay in their jobs longer, or return to work from retirement, a whole bundle of steps and changes are required. This includes financial incentives, labor..
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