As a possible metric of an improving economy, the Urban Institute announced Monday that fewer workers aged 62 and older applied for Social Security retirement benefits in 2011, possibly because of improved working opportunities.
Or, as the researchers note, because pension plans have disappeared and many over 62 realize they need to continue to work to make retirement a more financially insulated process.
Just 27 percent of older workers began collecting their benefits last year, which is the lowest rate since 1976.
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.
