Employers preparing for higher benefit costs from older workers

Employers are getting ready for benefits to cost more for an older workforce--but who will pay the increased cost?

By Marlene Y. Satter | Updated on October 16, 2015

Employers are getting ready for benefits to cost more for an older workforce. And while some are willing to absorb the additional expense, others plan to let workers foot the bill.

That’s according to a plan sponsor survey from the LIMRA Secure Retirement Institute, which said in a blog post that although 73 percent of employers are steeling themselves for higher costs resulting from an older workforce, that doesn’t mean they’re also preparing to pay for it all.

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