August 21, 2012
half (45%) of U.S. employers expect to benefit from Baby Boomer employees who
prolong their careers past age 65. ---
Only 4% believe employees who postpone retirement will
negatively affect companies, according to a survey from BMO Retirement
Nearly one-quarter of surveyed employers estimate that the
percentage of working Boomers who postpone retirement could exceed 50% in the
years ahead. Nearly half predict that more than 30% of Boomers will fall into
“There appears to be a growing recognition in corporate
America that employees in their sixties possess valuable institutional
experience and expertise,” said Todd Perala, director of relationship
management at BMO Retirement Services.
The survey is based on interviews with 412 retirement plan
sponsors that have a minimum of $2 million in trust assets and use the BMO
Retirement Services recordkeeping platform.