Older retirement age may not greatly alter retirement choices
The 70 year mandatory retirement law, effective Jan 1 1979, may not shift most retirees’ decisions. Analysts cite inflation, pensions, health, and job opportunities, with many preferring to work longer or pursue part time roles while others seek early retirement for recreation and travel.
MENTIONED IN THIS ARTICLE
Harry Cecil
Jackson County Mental Health Association
Cecil
Bob Whitlow
Franklin County Mental Health Association
Amtrak
Bob Casey
Central Region
Chicago
Jackson County
The
American Association of Retired Persons
Harry Jacobson
Murphysboro
Proctor
Ellis Crandle
Carbondale
Sayer
Borger
Layer
Ira F. Ehrlich
SIUC
Division of Social and Community Services
Ehrlich
Jacobson
GTE
Meadows
Frank E. Horton
Law sets 70 as required retirement age in 1979 amendments
The Age Discrimination in Employment Act Amendments of 1978 raise the mandatory retirement age to 70 from Jan 1 1979 with exemptions for federal workers under contracts before Sept 1 1977, certain executives and high earners, tenured professors, and some others. The Labor Department will study effects and potential further extension or abolition.
MENTIONED IN THIS ARTICLE
Robert Crone
Social Security Office
Carbondale
Drone
Social Security Administration
Leonard Day
Illinois State Chamber of Commerce
Robert Layer
Southern Illinois University-Carbondale
Proctor
Dave Koch
Illinois Bureau of Employment Security
Murphysboro
Department of Labor
Bona Fide
U.S. Department of Labor
Also Mentioned on This Page
Rick Rockwell
Victor Worth
Illinois Department On Aging
Chuck Meadows
General Telephone and Electronics
Carbondale-Murphysboro
Worth
Janet Proctor
Senior Citizens Center
Day of the
State Chamber of Commerce
Horton
Walter Henk
Gooding Rubber Co
Frank Lehnert
Jomalisia
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