Gaining The Dividends Of Longer Life
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A01=Jarold A. Kieffer
aging workforce
Author_Jarold A. Kieffer
Category=JHB
Civil Service Retirement System
Crash Measures
Diminishing Job Opportunities
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eq_society-politics
Group Insurance
Health Coverage Risks
intergenerational equity
IRS Staff
Keogh Accounts
labor force participation
older worker employment
Preretirement Period
Private Pension Systems
productive work life
public assistance programs
public pension systems
Retirement Benefits
Retirement Income
retirement income funds
Retirement Income Systems
retirement policy reform
Retirement Strategy
Retirement Test
Senior Community Service Employment Program
social dividends
Social Security Act Amendments
Social Security Payroll Tax
Social Security Retirement Benefits
Strengthened Economy
Survivors Insurance Trust Fund
sustainable retirement financing models
War Ii
workforce reintegration strategies
Young Men
Product details
- ISBN 9780367018467
- Weight: 510g
- Dimensions: 147 x 229mm
- Publication Date: 07 Jun 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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Not all older people are unfit for work. Indeed, most people over age 55 remain physically and mentally able to work, and rather than suffer the pressures of inflation or the boredom of idleness, many would prefer to stay productive longer. Dr. Kieffer says that their extensive experience and education qualify most of them to remain self-reliant well past current retirement ages. If they are enabled to do so, it would delay and reduce the time when they are forced to be financially and, in some cases, physically dependent. He argues that unless policy leaders in both the public and private sectors act quickly and imaginatively to gain the financial and social dividends that can accrue from longer life, our country, by default, will find itself preoccupied over the next thirty years with unnecessarily high costs of supporting its longer-living and rapidly increasing older population. Dr. Kieffer explains why current retirement policies are no longer economically and politically manageable, and he suggests a cost-effective strategy whereby public and private funds could be used to enable millions of older people to remain active in jobs that serve unmet community needs. He also outlines a strategy for helping young workers build retirement income assets during their entire work lives so that the unintended burdens that have fallen on the Social Security, pension, and public assistance programs can be eased and made more manageable in the future. Lastly, he describes the roles that government agencies, businesses, educational institutions, foundations, and older people themselves can play in carrying out the jobs and retirement income strategies.
