"The implication of longevity is a huge blindspot for employers, especially since many individuals are looking to retire at age 65 like their parents did before them," said presenter Valerie A. Paganelli, FSA, EA, MAAA, senior consulting actuary, Paganelli Consulting. "There is a major opportunity for employers to embrace and accommodate the aging workforce who are apt to need to work longer in life."Pagnelli also said that employers can take the lead in helping individuals manage their resources over a longer period "by acting as intermediaries in helping aging employees remain in the workplace to reduce the risk of outliving their assets, which in turn would help strengthen the overall marketplace."
Handouts from the Symposiuim are available on SOA's website.
Source: Society of Actuaries Press Release (January 24, 2008)