Presidential Politics–Age–Retirement Savings
When I did my post about the possible impact of the election of certain presidential candidates on the workplace, I said an issue that no one was dealing with was the need to modify the Age Discrimination in Employment Act. (That’s an issue on which I had already expressed an opinion.) Well, the candidates are still not dealing with this issue directly, but as an article in the Los Angeles Times emphasizes, there is a new issue: the income squeeze likely to occur on retirees who don’t have enough saved. All the candidates are scrambling to propose plans to deal with this problem.
The first group of citizens who will be impacted by this issue is employees who have retired recently or those who will retire within the next five years–or, more accurately, employees who are expected to retire within the next five years. This brings us back to the Age Discrimination in Employment Act. Employees who are expected to retire may not be able to. They’re all in the protected age group. If you retire them, there’s great potential for an explosion of age discrimination cases, as one of my first posts predicted.
I’m still hoping that the candidates will be forced to deal more directly with what I see as fundamental problems in the age law. We’ll see.
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- Election » Blog Archive » Presidential Politics–Age–Retirement Savings - [...] The Swamp wrote an interesting post today on Presidential Politicsâ??Ageâ??Retirement SavingsHere’s a quick excerptWhen I did my post about ...
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About Chris Parker
Chris Parker's practice focuses on the representation and counseling of companies in matters pertaining to the workplace and the protection of their intellectual property and trade secrets. In addition to serving as an advocate for clients, Mr. Parker is also trained as a mediator and frequently serves as a third-party neutral.
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Jimmy Daniel provides counseling to businesses of all sizes related to the employment relationship. He assists in the drafting of employment agreements, policies, and handbooks, as well as provides guidance related to compliance with federal, state, and local legislation such as the Fair Labor Standards Act and the Family and Medical Leave Act.
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While serving in an Of Counsel relationship with the firm, Mr. Bridgesmith also serves as the Executive Director at the Institute for Conflict Resolution at Lipscomb University and as an officer and principal in Strategic Resolutions Group, LLC. In these roles, Mr. Bridgesmith brings over 30 years of legal experience in dispute resolution and innovative workplace strategies to clients, students and business entities alike.
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There are so many election blogs out there now that when you write anything about an election issue, it’ll be picked up somewhere. The above election blog links to this post dealing with the “new” retirement savings issue presidential candidates are trying to address now and my hope that this issue could lead them to start talking about the broader issue of age discrimination and the possiblity of amending the Age Discrimination in Employment Act.