business - "retirement"

The departure of 18,657 hourly workers allows General Motors Corp. to take a major step toward solving one of its most pressing problems -- the need to shed workers as it downsizes its truck production to match dwindling demand.

General Motors Corp. says 18,657 U.S. hourly workers, about 25 percent of its work force, will take early retirement and buyout offers to leave the company. A look at how many workers took the offers at GM factories:

The consensus these days is that many Americans will need to work long past age 62, the age at which many people retire currently, to be able to finance a retirement that is increasingly likely to last until age 90 or beyond.

A consortium has launched a major attack on 'Personal Accounts' claiming that the schemes will leave thousands of employees worse off in retirement

The Supreme Court has ruled that Kentucky's retirement system does not discriminate against older workers. The court, in a 5-4 ruling, says the retirement system reasonably takes age and length of service into account when structuring benefits for disabled workers who are eligible for retirement.

FKP Property shares soared today after it rejected a $1.3 billion bid from Lend Lease, saying it was too low for the owner of retirement villages.

Despite worries about funding a comfortable retirement or outliving their retirement savings, many full-time workers in developing and mature economies, including the US, have taken few or no independent steps to plan for retirement, according to MetLife research.

UK ? June 19, 2008 - Inadequate retirement income from Defined Contribution (DC) plans is the most feared outcome from a list of ten undesirable scenarios that could occur in the next ten years according to a recent survey* of institutional investors conducted by global consultants Watson Wyatt. [EUROPE]