MyRA – Thumbs Up or Thumbs Down?

A day after President Barack Obama gave the go-ahead for the Treasury Department to create a “starter” savings account, experts are weighing whether it will be worthwhile or just another ignored investment tool. Critics note, for instance, that the so-called myRA will do little to overcome the huge shortfall in retirement savings among so many workers. The conservatively invested accounts, though they won’t lose money, won’t make much of a return, either. And the myRA is voluntary, so it’s unclear …

Pensions Under Attack, AARP Fights Back

The financial security of many older Americans could be at risk under a proposed law that was the focus of a hearing this week on Capitol Hill. Under the proposed plan, millions of retirees could see cuts to the benefits they’ve earned through a lifetime of hard work. At issue is a proposal by multi-employer pension plans (plans in which many employers contribute to a common fund to cover their mobile workforce) devised to save the plans from insolvency.  That …

Saving Jobs in Hard Times

Is there a way to protect some workers – younger as well as older – from job loss during economic downturns? Some might be helped during the next recession if more employers have access to and use what is known as short-time compensation or work sharing. Work sharing is exactly what it sounds like – the sharing or spreading around of the available work when times are tough. Work sharing is not to be confused with job sharing, which is …

Looking for Work? Check Out ‘Best Employers’ Winners

The following is a guest post by Debbie Banda. Would you leave your employer for a job with greater flexibility and more benefits? And would it help to know that your prospective new employer actually valued older workers? If so, take a look at openings at the winners of AARP’s Best Employers for Workers Over 50 award, co-sponsored by the Society for Human Resource Management (SHRM). This article points out some key elements of what attracts workers and makes them …

Fallout From the Delay in Major Health Law Provision

By Jay Hancock and Julie Appleby, Kaiser Health News The Obama administration’s decision on June 2 to delay a major component of the Affordable Care Act – the requirement for employers with at least 50 workers to offer health coverage – postpones another feature of the law and hands ammunition to critics who contend it is unworkable. Discussion: Delay in Obama’s Health Care Law But it could have a relatively small effect on the number of Americans who gain medical …

Working Caregivers Need Government and Employers to Do a Better Job

Employers and policy leaders, are you listening? With the onslaught of aging boomers, the need for family-friendly work-leave policies will only increase. And yet, current policies don’t reach enough people and are not meeting the needs of today’s working caregivers. That’s the conclusion of a new report, Keeping Up with the Times: Supporting Family Caregivers with Workplace Leave Policies, issued by the AARP Public Policy Institute. Although the federal Family and Medical Leave Act (FMLA) was enacted 20 years ago, …