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Article: NEW CENSUS DATA: WORKING THROUGH `THE GOLDEN YEARS'; Retirement age doesn't mean 65; Reflecting a national trend, more older workers in the metro area are staying on the job. Some want to; others can't afford to quit.(NEWS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- September 12, 2007
- Author:
CopyrightCOPYRIGHT 2007 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Phelps; Staff Writer
When he turned 65 last spring, Jim Johnson, an executive vice president for Securian Financial Group, could have joined a handful of colleagues who chose to retire. Instead, he remained head of the group insurance division of the St. Paul-based company because 1) the company asked him to, and 2) he wanted to keep working.
New census figures show that Johnson's decision is not an isolated one. The Twin Cities metropolitan area ranks fourth in the nation in percentage of seniors working past age 65.
Of Twin Cities residents in their late 60s and early 70s, more than one in four, or 27.4 percent, are working, ...