The Los Angeles office of Lockton Retirement Services today announced the launch of its new Retirement Readiness Practice and proprietary suite of consulting services to help employers mitigate increased costs associated with an aging employee population who are deferring their retirement beyond 65 years of age.
Employers will bear the burden of several layers of increased costs when employees have no financial choice but to continue working beyond a normal retirement age.
"Dealing with an aging, financially unprepared workforce is a reality that should concern employers," explains Rick Unser, vice president of Lockton Retirement Services. "Employers face serious financial implications if they do not take steps now to help their older employees leave the workforce and successfully transition to retirement."
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