Aging Workforce Requires New Strategies for Employee Retention, MU Researcher Says
April 17th, 2014
Re-evaluating retirement plans becomes more important as baby boomers, particularly those in government jobs, reach retirement age.
Story By: MU News Bureau
As more baby boomers reach retirement age, state governments face the likelihood of higher workforce turnover. For example, in the state of Missouri, more than 25 percent of all active state employees will be eligible to retire by 2016. Such large numbers of retirees threaten the continuity, membership and institutional histories of the state government workforce, 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 (BackDROP), Curl concluded that states may need to restructure deferred retirement incentives to encourage more employees to remain on the job longer and minimize the disruption to government operations. More…