Career reinvention was a big buzzword among many baby boomers even before the economy crashed in 2008. Now, tough new economic realities have transformed career reinvention from a virtue into a necessity for millions of older Americans who aren’t ready to retire or simply can’t afford to quit working. But hard times have not forced [...] [read full article…]
Working longer has been Retirement Plan B ever since the great crash of 2008. But for many workers, it’s now Plan A — and no Plan B is in sight. That’s the key finding from the 12th Annual Transamerica Retirement Survey, which surveyed 4,080 American workers of all ages on their attitudes and expectations about [...] [read full article…]
A U.S. Supreme Court sent an important reminder to retirees this week: you can’t necessarily rely on your employer for an accurate description of your pension benefits. The court issued a ruling in Cigna v. Amara, a closely-watched case dealing with the health insurance company’s defined benefit (DB) pension plan for its own workers. Cigna [...] [read full article…]
In 2005, Deborah Ramsey was working as an administrator for a technology consulting firm that was undergoing restructuring, the tail end of a phase of her career that also included jobs in the banking and insurance industry. “A lot of people were being laid off or leaving. I had been through two big layoffs before, [...] [read full article…]
Age discrimination complaints have soared in recent years, but proving a case isn’t easy. Over Fifty and Out of Work has posted an informative video interview with Laurie McCann, senior litigation attorney at AARP, on the ins and outs of age discrimination cases. Laurie McCann from Over Fifty and Out of Work on Vimeo. [read full article…]
