United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2007-02-28 monographic deposited born digital 17 p. GA 1.13:GAO-07-433T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-433T P0b002ee180390005 f:d07433t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-07-433T machine generated eng fdlp REPORT GAOREPORTS-GAO-07-433T GAO-07-433T Employee incentives Employee retirement plans Employees Employment Employment discrimination Federal social security programs Labor force Lessons learned Older workers Retirement Skilled labor Strategic planning Testimony A66354 More Americans remaining in the workforce at older ages could lead to benefits at several levels. First, working longer will allow older workers to bolster their retirement savings. Second, hiring and retaining older workers will help employers deal with projected labor shortages. Third, older workers will contribute to economic growth and increase federal revenues, helping to defray some of the anticipated costs associated with increased claims on Social Security and Medicare. Despite all of these gains to be had, there are barriers to continued employment for older workers. In addition, some employers remain reluctant to engage and retain this group. It is in the nation's interest for people to work longer, which requires that barriers to continued work be removed sooner rather than later. This testimony highlights issues discussed at a recent forum GAO convened on engaging and retaining older workers, as well as prior GAO work. Forum participants included experts representing employers, business and union groups, advocates, researchers, actuaries, and federal agencies. These highlights do not necessarily represent the views of any one participant or the organizations that these participants represent, including GAO. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-433T/html/GAOREPORTS-GAO-07-433T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-433T/pdf/GAOREPORTS-GAO-07-433T.pdf GAO-07-433T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-433T Testimony GAO-07-433T; Older Workers: Some Best Practices and Strategies for Engaging and Retaining Older Workers; Employee incentives Employee retirement plans Employees Employment Employment discrimination Federal social security programs Labor force Lessons learned Older workers Retirement Skilled labor Strategic planning Public Law 109-280