Some companies have created special programs for older employees that allow them to stay on the job and gradually wind down. However, these programs are not as popular as many had hoped. This is because employees fear that entering them will put them out of line for raises and many of the programs have fixed schedules under which employees must retire.
Other companies are attempting to better assist their employees with finances, either by offering retirement education or increasing the amount companies contribute to employees’ retirement accounts.
There is no simple solution to this problem.
