employees

Who Is Taking Early Social Security Benefits?

Posted on 05/28/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsFinancial planners have been advising us to wait as long as possible to collect Social Security to maximize the benefit. A new study finds that many middle-income workers haven’t heeded that call. They were more likely than higher earners to claim their benefit early and live on a permanently reduced payout for the rest of their lives. According to a Government Accountability Office (GAO) study, workers took their benefit early for a variety of reasons: They didn’t expect to live …

Can an Employer Make You Agree Not to Sue for Age Bias?

Posted on 05/28/2014 by |Legal Grounds | Comments

WorkMost employers realize that age is not a legal – or valid – reason to terminate an employee. That doesn’t stop some companies from trying to circumvent the federal Age Discrimination in Employment Act (ADEA) by asking terminated employees to sign waivers that promise never to sue for age discrimination. That’s what happened to Robert Fisk, an underground miner for Colorado’s Mountain Coal Co. Laying off Fisk, an eight-year employee, in 2009, MCC required him to sign a waiver to …

Jobs Are Coming Back … But How Well Do They Pay?

Posted on 04/29/2014 by |Money and Work | Comments

Bulletin Today | WorkFirst the good news: Millions of jobs that were lost during the Great Recession seem to be finally coming back. Now the bad news: Most of those newly created  jobs are low-paying ones in fast-food restaurants, retail stores and temporary administrative services —  industries that are less affected by an economic downturn, according to a new report by the National Employment Law Project, a research and advocacy organization. Today lower-wage industries employ 1.85 million more workers than at the start of the …

How to Survive a Workplace Culture Clash With Millennials

Posted on 04/28/2014 by |Parenting 2.0 | Comments

Home & FamilyA friend who supervises interns recently complained about a young man she gave an assignment to one morning. When she passed his desk a few hours later, he was surfing the Web. His explanation: assignment complete so he was taking a break. Argh! A culture clash is erupting as millennials stampede into the workplace, arriving saddled with a negative reputation. But if boomers want to coexist with twentysomethings, then they — the older generation — need an attitude adjustment, says …

High Fees Can Sap Over $100,000 From Your 401(k) Plan

Posted on 04/17/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsSome 52 million Americans rely on their 401(k) savings plans as a key part of their retirement. Now, the Washington-based Center for American Progress says in a new study that high investment fees could cost the typical worker $100,000 or more over the course of a four-decade career. That may force some to stay on the job at least three years longer than they’d planned just to make up for that loss. Given the fact that many older workers are having a difficult …

Should Older Workers Have to Pay More for Their Pensions?

Posted on 04/7/2014 by |Legal Grounds | Comments

Bulletin Today | WorkYou’ve undoubtedly heard the advice again and again: If you are close to retirement age, you should max out your contributions to employer-sponsored retirement plans. But requiring older employees to contribute more than younger ones to a pension fund is another matter entirely, a federal appeals court in Baltimore held last week. “Certain older Baltimore County employees were forced to pay more for their pensions than younger co-workers,” David Lopez, the general counsel of the Equal Employment Opportunity Commission, said …