Published on:

GAO suggests changes to encourage work at older ages

In a recently released report, the Government Accountability Office has recommended changes in laws, programs, and policies that would encourage people to work at older ages. Currently, the varying age-related rules of eligibility for different types of benefits, such as social security, medicare, private pensions, retiree health insurance, and IRAs provide different incentives for people to retire at different ages. At times, these incentives drive people out of the workforce, even where they would be willing and able to continue to work. By making the recommended changes, the GAO hopes that various government and private programs would be able to work in tandem to encourage work at older ages.

click here for the full report click here for the report highlights