When Retirement is Delayed, Employers Pay: Workforce Costs and DC Solutions

Pensions & Investments

With retirement timing and financial readiness increasingly out of sync — leading to more employees putting off retirement — the cost to employers can be significant. New research shows that employers pay an average of $103,000 per year for each employee working past age 65, driven by higher compensation, healthcare premiums and paid time off. At the same time, workforce ripple effects, including stalled career progression, slower succession planning and recruiting challenges, canfurther affect organizational performance.

This webinar will examine how delayed retirement affects both office and production workforces, and why a dual-workforce lens matters. It will reinforce the need for DC plan sponsors to implement thoughtful plan design — particularly automated features such as auto-enrollment, auto-increase and re-enrollment — that can help improve retirement readiness while also addressing long-term employer costs. Join us to learn the latest insights on workforce cost impacts, practical plan design strategies and actionable steps to help employees retire on time, while creating a more predictable, cost-effective workforce strategy for your organization.

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