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Article: Retirement last thing on baby boomers' minds; Economic fallout, new phasing-out plan to keep them working.(Workplace)
- Article from:
- The Star (South Africa)
- Article date:
- July 29, 2009
CopyrightCOPYRIGHT 2009 Independent News & Media PLC. 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: Workplace Staff
The baby-boomer generation will have retired by 2020, or should have, but many with valuable experience and skills want to continue work.
The number of people aged 65-plus and still working is expected to double by 2020.
So says Mark Anderson, general manager of AWKinekt Contract House, an exhibitor at this year's Human Resource Development Expo (HRDE) at the Sandton Convention Centre from August 12-14.
A 70-year-old still-working US chairman of a stockbroker says: "I think a lot of people can't afford to retire. You can't do it now for less than $100 000 a year."
Currently, many retirees are reeling ...