In recent years, legislative changes, new types of retirement plans, and increases in life expectancy have led to differences in retirement ages. More older adults continue to work. The traditional model of social security, savings, and employer retirement benefits is changing. (Contains 31 notes and references.) (SK)

Today, the work force is employed in different industries, retiring earlier, and living longer, factors not always considered in design of retirement benefits. Changes in pension plans need to recognize increasing job mobility, inflation over a longer retirement period, and trends in personal savings. (SK)

This article argues that in the upcoming decades, older workers will be competing against the largest cohort of middle-aged workers in our country's history. In the absence of other options, the elderly may feel increased pressure to retire or work part time. (Author/SSH)