COVID-19 and retirement: Impact and policy responses

Ulrike Neveling 60-year old head of Accounting Department is pictured at her office at the headquarters of Rullko wholesale in Hamm March 4, 2014. Marie-Christine Ostermann is desperate to hang on to her older employees. There's already a shortage of skilled labour in Germany and a new draft law that lowers the pension age for some workers is adding to her problems. Six of the 150 staff at family-run food and kitchen supplies wholesaler Rullko say they'd like to retire at 63 this summer, when the new law is due to take effect. That's four years earlier than planned - a big worry for Ostermann. TO GO WITH GERMANY-PENSIONS/ REUTERS/Ina Fassbender (GERMANY - Tags: BUSINESS EMPLOYMENT) - BM2EA341DLX01

COVID-19 has shaken America and the world, causing widespread social and economic upheaval. The most obvious and distressing cost is the tens of thousands of lives lost to the pandemic, but attendant costs range from shuttered businesses to an unprecedented hole in the federal budget. As policymakers and others continue to grapple with controlling the … Continue reading COVID-19 and retirement: Impact and policy responses