Close to half of all retirees are forced to retire before they would like to, according to recent research by LIMRA. Forty-nine percent of all workers involuntarily become retirees while 45 percent retire upon their target date.
LIMRA found that pre-retirees (individuals several years away from retirement) can have their plans altered by myriad factors that are outside their realm of control. Health issues and job loss (either by hand of employer buyout or negative work conditions) were the most common reasons cited by LIMRA.
However, it is not unheard for older workers to be eased into retirement as a company seeks to revitalize its workforce with younger employees in order to remain technologically competitive.