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Older workers retirement plans have changed
The pandemic has derailed many older workers’ retirement plans. For many older workers this pandemic has changed their retirement plans by either receded farther into the future or forcing them into an early and involuntary retirement. In a recent study, it found nearly three million older workers have left the labor force since the pandemic began and now face the risk of early retirement. Although involuntary retirement is nothing new, analysis by the Schwartz Center for Economic Policy found back in 2018 found more than half of the retiring workers between 2010-2014 left their final job for reasons out of their control. In Teresa Ghilarducci’s article appearing on www.forbes.com, she explores the reason for the wave of early retirements and what Congress should do to help older workers forced out of the labor market. Read Ms. Ghilarducci’s article here…
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