The term gliding towards retirement may have little meaning to the slightly more than one million Americans who are working past age 75.
The U.S. Department of Labor says about 6.4 percent of all Americans 75 or older were working last year. That's up from 4.7 percent a decade earlier.
Why the upsurge? People are living longer and healthier and need the money but some say the first wave of Baby Boomers reaching the traditional retirement age has opened up lots of opportunities for part-time workers.
Companies are thinking ahead on how to retain and recruit older workers through flexible scheduling and added benefits. They need to extend diversity training to include age.
The seven-year-old Senior Citizens Freedom to Work Act passed in 2000 allows workers to earn as much money as they want between age 65 to 69 without losing Social Security benefits.
Another reason is the gradual increase in the age for receiving Social Security benefits to 67 and a decline in traditional pensions and retiree health benefits.
Opinion
Workers staying on the job
- Opinion
-
-
Outhouse enthusiast’s hobby more than a relief
Editor’s note: This previously-published column has been a reader favorite and is one of the most requested columns....
-
Homosexuals must convince themselves, God
Editor, The Transcript: I am not one of those in favor of same-sex anything. According to the Bible, homesexuality is a sin. Now maybe there is a new Bible out there — the homosexual Bible. I will check at Barnes & Noble....
-
Occupy movement built on principle
Editor, The Transcript: We the People Stand Tall! Bruce Kessler ends his letter to the editor “We the people must stand up — 8 May, 2012,” with a strong message: We the people — the very words that begin our Constitution — must work ...
-
Parents proud of two schools’ rankings
Editor, The Transcript: Norman parents are justifiably proud that U.S. News and World Report recently ranked Norman High School as No. 6 in our state and No. 862 in the nation and Norman North as No. 9 in the state and 1,096 in the nation ...
-
Reducing state rates would be of minor help
Editor, The Transcript: A Transcript editorial (May 22), in discussing the proposed reduction in income tax rates in HB 3061, states that the “trigger” mechanism is a good thing, citing the rate cut from 5.5 to 5.25 because of the 4 ...
-
Sykes trying to secure seat
Editor, The Transcript: By the time this reaches you, the issues surrounding HB 2440 may have been laid to rest. Based on your article of this date, let me make these observations....
-
Fallin proposes a flawed tax-cut plan
There was some relief in the tax-cut proposal negotiated with Gov. Mary Fallin and Republican legislative leaders, but it still calls for some difficult reductions to some necessary services....
-
Corporate deception rules
Editor, The Transcript: Jamie Dimon, JP Morgan Chase’s chief executive, said he does not know how the bank lost $3 billion (originally estimated at $2 billion) in a trading scheme. He called the trades “sloppy” and “stupid” but could not ...
-
What features create a cultural center?
The question has been raised whether an aquatic center somehow constitutes a cultural center. Although the more thorough response would be to ask, in turn, what features create a cultural center, this short treatise will simply focus on ...
-
Keep the capitol gun-free
Attorneys working for the state AG’s office are now able to carry handguns in their duties representing state agencies. They won’t need a concealed weapon permit. It’s the same as laws allowing U.S. attorneys, district attorneys and their ...
- More Opinion Headlines
-
Outhouse enthusiast’s hobby more than a relief
