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Longevity is wreaking havoc on employee retirement plans

Transamerica Center for Retirement Studies and AEGON release new report on the changing face of retirement.

By Paula Aven Gladych | Updated on October 25, 2012

With people living longer, pension systems have come under heavy pressure. Governments, particularly in Europe, have stopped offering generous state pensions and are shifting responsibility to individuals and employers.

Many people are working longer or taking up second careers after they retire to make ends meet in retirement. With all of that going on, the Transamerica Center for Retirement Studies, in collaboration with AEGON, released “The Changing Face of Retirement – The Workplace Perspective,” which assesses the role of employers, workplace retirement benefits, and workers in the U.S. and eight European countries.

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