Fifty-seven percent of workers age 60 and over say they plan on looking for new employment after retiring, meaning retirement might no longer mark the end of one's career, according to a study by CareerBuilder and PrimeCB.com.
In fact, 11 percent of respondents believe retirement will never be an option while 26 percent of respondents say it will happen in one to two years, 23 percent of respondents say it will happen in three to four years, and 22 percent of respondents say it will happen in five to six years. Seven percent of respondents expect to hit retirement in seven to eight years, and another 7 percent say it will happen in nine to 10 years. Only 4 percent of respondents believe retirement will come in at least 10 years.
Although more workers age 60 and over are delaying retirement, more employers are planning to bring on more seasoned staff as 43 percent of employers say they plan to hire workers age 50 and over in 2012 this year, and 41 percent say they hired workers age 50 and over in 2011. Among the employer respondents, 75 percent say they would consider an application from an overqualified worker who is 50 and over, and 59 percent say older workers tend to bring much knowledge and can mentor others.
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