Archived Insight | November 14, 2017

Who is Ready to Retire — or Not?

As business leaders plan for the future, acquiring and retaining exceptional talent should be a top priority. Understanding where potential workforce vulnerabilities exist now or may exist in the future allows leaders to make more informed decisions about succession planning, restructuring and other issues.

One key question that many organizations need to answer is where their employees stand with regard to retirement. Are late-career employees having to work longer than they want?

Are any younger retirement-eligible employees preparing for a sudden exit? There are numerous reasons why employees today are commonly working to older ages than in the past: people are living longer, they are healthier, and advances in technology have eliminated many barriers to continued employment.

However, organizations that understand their employees’ retirement situations are better equipped to predict and address problems that could alter the natural progression of the workforce. One such problem could be a potentially less-productive portion of the workforce made up of employees who would like to retire but who are not yet financially prepared to do so. Another problem could be skill gaps that occur if employees retire earlier than expected.

retirement readiness Download Now

Have questions? We have answers.

See how we can help. 

Contact Us

See more insights

Young Businesswoman Sharing Business Reports With Colleagues

Model Pension Plan’s Funded Status Increases by 5 Points

In Q4 2024, the funded status of our model private sector single-employer pension plan rose 5 points to 110%. Learn why in the latest Prism.
Happy Hispanic Senior Couple Standing Next To A Car At New House

To Reduce Retirement Plan Risk, Balance Stability & Security

Learn four key advantages for pension plan sponsors — plus the advantages for participants — of offering stable and secure retirement plans.
Asian Businesswoman Contemplating Looking Outside Office Window

2025 Outlook for Pension Legislation, Rules and Litigation

Retirement plan sponsors: How will the new administration affect pension plans in 2025? Learn key areas of major policy and legislative change.

This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.