9/25/2013 – Bring back mandatory retirement?

Life without mandatory retirement is hard.  Compensation and health-care costs tend to increase with age, and in many – albeit not all – cases productivity declines.  Employers can dismiss older workers who cannot do their jobs.  But that is a very unpleasant task for both parties.  The elimination of mandatory retirement combined with the shift from defined-benefit pensions to 401(k) plans also means that retirement is a much less predictable and orderly event than it has been in the past.

 

Read the full article at MarketWatch.