Government agencies need to find new ways to encourage workers to remain in their jobs longer so that the massive wave of baby boomer retirements doesn't overwhelm the system, according to Angela Curl, assistant professor in the University of Missouri School of Social Work.
In a case study of the state of Missouri's Deferred Retirement Option Provision, or BackDROP, Curl found that states may need to restructure deferred retirement incentives to encourage more employees to stay on the job longer and minimize the disruption to government operations.
She estimated that a full quarter of Missouri state employees will be eligible for retirement by 2016. Such a mass exodus threatens the continuity of the state government workforce.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
