Question: Are there any current studies that evaluate the employer cost of a delayed retirement?
Answer: Delayed retirement is a popular topic this quarter! New research from Principal finds that delayed retirement costs employers an average of $75,000–$126,000 per employee per year, varying by industry. At the same time, projections show a 28% increase in employees age 65+ by 2033 — amplifying workforce cost pressures. The survey notes that because delayed retirement costs vary widely by industry, proactive plan design is essential. Leveraging automated features can help manage expenses and help employees stay on track to retire on time.
