Disconnect Between Baby Boomer, Employer Perspectives on Working in Retirement

A survey from Harris Insights & Analytics determined Canadian baby boomers are eager to remain employed in retirement, but few employers make this option available, reports Benefits Canada . Roughly 50 percent of boomers doubt that a proper successor is in place for when they retire, while 40 percent of employed boomers said they will retire later than they initially expected either due to insufficient savings or because they wish to keep working. Seventy-six percent of working boomers said they would like to semi-retire by having a flexible work schedule, and 60 percent expressed a desire for reduced working hours with fewer benefits. But just 30 percent noted their company offers a semi-retirement option. Meanwhile, a CIBC poll estimated that 27 percent of retired Canadians regret retiring and 23 percent have attempted to resume employment. Fifty-nine percent said they decided to return to work for intellectual stimulation, while half did so for financial reasons. Only 32 percent of retirees who tried to re-enter the workforce successfully secured a position at a similar level and salary than the job they had left.