Mitre in fact offers workers a phased-in retirement, with fewer hours and fewer workdays; but they keep a core of "reserves at the ready" like Doreen. Now Doreen has a little extra income so she won't have to dip into her nest egg, and the company doesn't have to worry that "it could lose too much institutional knowledge as its workforce retired," Fetterman explains.
In the same article, Joyce Montgomery of Detroit retired from her job as a counselor at a children's home, after her husband also retired. But soon they "...got tired of sitting around...I wanted to come into the workplace to be around people." So she applied for a part time job at CVS pharmacy, planning on perhaps ten or fifteen hours a week, but now, "she works full time," Fetterman reports. "They look at seniors like it's not a person who needs to work, so you can really depend on them because they like their work more," says Montgomery, 58 years old. This is not "a must," financially, she says, though her old job was.
Another article in USA Today the next day advised that retirees who aren't covered by their former employer's retirement plan might very well spend 20% to 30% of their retirement income on health care, albeit Medicare pays some of those costs. But for a 65-year-old couple retiring with no health care sponsored by their past employers will need an average of $190,000 to pay extra expenses for health insurance - a good reason why many retirees go back to work to pay for those high insurance costs.
Eighty-two-year-old Irving Strauss was forced to retire at 62 from an investor-relations company. "I had savings," he says in an article in Bankrate.com (Phipps, 2003), "we could have gotten along on that, but I wanted something better. I wanted to go out and make another $100,000 a year, so I did." Strauss, president of Strauss Corporate Communications in New York City, is not an exception in terms of what his motivations were in terms of returning...
Health Ballenstedt's work confronts an issue of growing prominence in 21st century America: employment. Her writing does more than address the issues of employment in of itself, but includes discussion of retirement or the end of employment, and yet another issue of returning to work after retirement. This article is a specific meditation on the situation of federal retirees returning to work after retirement and what kinds of economic and
First of all only a scant few of these Veterans groups will acknowledge the "promise" of free health care; for the most part these groups will tout the benefits already promised by the Veterans Administration and assert that cuts in these benefits are the same a broken promise-or contractual breach in legal terms. The idea of the United States military making a "promise" or forging a legally binding agreement between
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