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Related Experiment Videos

Benefits and the amended ADEA.

E C Miller

    Personnel
    |August 10, 1978
    PubMed
    Summary

    Most organizations will continue life, health, and disability insurance for employees aged 65-70. Many will adapt health plans to supplement Medicare, and nearly all will use performance appraisals for older workers.

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    Area of Science:

    • Human Resources Management
    • Gerontology
    • Employee Benefits

    Background:

    • Employee benefits are crucial for retaining older workers.
    • The aging workforce presents unique challenges for benefit programs.
    • Understanding organizational practices for employees over 65 is essential.

    Purpose of the Study:

    • To investigate the continuation of employee benefits for workers aged 65-70.
    • To identify how organizations adapt health insurance for this demographic.
    • To assess the use of performance appraisals for older employees.

    Main Methods:

    • Survey of 42 organizations regarding their benefit policies.
    • Analysis of data on life insurance, health insurance, and disability benefits.
    • Inquiry into the use of performance appraisal systems.

    Main Results:

    • 15 of 42 organizations will continue life insurance for employees aged 65-70; nearly all will maintain some coverage.
    • 28 of 42 will continue health insurance, with 13 supplementing Medicare.
    • 25 organizations will offer disability benefits, and almost all will use performance appraisals for older workers.

    Conclusions:

    • Organizations are largely maintaining core benefits for employees nearing or past retirement age.
    • Adaptations in health insurance are common to align with Medicare.
    • Performance management practices are expected to continue for all employees, regardless of age.

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