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Survey: Majority of workers remain on the job past retirement age

June 2, 2009 by  

Majority of workers remain on the job past retirement age, survey saysA new survey of government managers has indicated the bad economy is altering retirement plans among state and local government employees as a vast majority of those eligible to retire stay on the job.

The poll conducted by the Center for State and Local Government Excellence, has found that 49 percent of the managers surveyed said 20 percent or more of their workers are eligible to retire in the next five years.

However, nearly 85 percent said employees are delaying retirements, while only 9 percent said they are accelerating their retirements to avoid changes that will reduce benefits and 7 percent said workers are taking incentives for early retirement.

"When the economy recovers, there will be a spike in the number of retirements as the large number of baby boomers leave," says Neil E. Reichenberg, executive director of IPMA-HR.

"Human resource departments need to lead workforce planning efforts, so that the public sector will be well positioned when the economy recovers," he adds.

The poll also found that 60 percent of respondents said their state governments are instituting layoffs, with 39 of those saying layoffs based solely on seniority, while 42 percent said their local governments are laying off employees, with 43 percent of the layoffs based on seniority.
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  • Roger R. collins

    When politicians and younger people discuss Social Security reforms, they don’t seem to realize most of us do not really want to retire. Industry wants to eliminate older workers due to high salaries, upward progression in the company and medical expenses. There are many subtle means of driving the older worker out of the workplace which are legal and commonly used. I retired from Telecomm sales at the age of 58 with excellent ratings and performance, but felt the pressure to go. There are only so many Walmart greeter jobs available to the elderly.

  • Robin from Indiana

    I won’t be retiring for a few years yet, but I already anticipate having to work even after retirement age. I probably won’t mind too much, as long as it isn’t full time work. I doubt by the time I retire that there will be any social security benefits. I won’t have a choice but to work to stay alive….

  • ONTIME

    The government has mishandled this economy in a way that none can believe, the incentive to retire and live your years out in accumulated security in a country that once respected work ethic is seemingly now one of chaos and uncertainty, a job may be all one can hope to have. So many people in the government sector have been promised the moon and now the delivery may not happen, the economy has been compromised by thieves and idiots we trusted to stay the course and keep the ship steady, taking your retirement for granted was not ever a good idea.

    Anytime you hear a politician use the word fair, you can bet it is themselves that will recieve the biggest part of what’s fair.

  • Chris, FL

    One issue I not seen any mention of Job Satisfaction. Depending on your level of involvement your job can become a 24/7 process. I was a construction superintendent
    and never even contemplated retirement involved in the construction of large projects, sometimes exceeding 1 billion dollars. Monday was the best day of the week, daily quiting time was irrelevant and Friday often came to quick.
    My job came to define me. I was the boss, any problems were what I was there for. I worked with the basic idea of “If your not having fun you shouldn’t be here”. That attitude was infectious. People loved working for me and it showed in the quality and production these workers attained. It was not uncommon that at the end of a job that people would tell me “Chris, I’d work for you again anytime”. What a compliment from people that I sometimes demanded 12 hour days and 7 day work weeks from.
    Unfortunatly I was disabled while being involved in the clean-up of the WTC. Not a day goes by that I don’t miss my job. The terrorist who murdered close to 3,000 people also stole my life.

  • Harry

    If employees must work beyond retirement age, give thanks to corrupt politicians who force working Americans to pay exhorbitant taxes to fund other peoples` retirements (including politicians`), before they`re able to fund their own retirement plans, that would create more assets, enabling them to retire at an earlier age.
    Financial experts advise, `pay yourself first,` whereas politicians demand, `pay us first.`

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