What would you do if you weren’t ready to stop working and you were terminated because of your age? A man named Archie Hale says he lost his job because of his age. Hale worked in Chattanooga, Tennessee for ABF Freight System, where he was a supervisor. He received good evaluations and over the years he was awarded 19 raises. Hale claims that his supervisor made the statement that when he (Hale) turned 62 it was time for him to go because then he could collect Social Security. Hale was fired shortly after his 62nd birthday, but he is fighting back in court. You can read more about his case at AARP.
I suspect there are others who have found themselves in similar situations to Mr. Hales and to make matters worse once someone over 45 loses a job it’s much, much harder for them to find another one.
- Workers over 45 are unemployed longer than younger workers.
- More older workers are considering postponing retirement because of the down economy.
58% don’t have a retirement plan; nearly 40% don’t know what an annuity or mutual fund is; and 20% expect to rely purely on Social Security for their retirement needs. More than half don’t trust anyone’s advice.
NanaHood wants to know….
- Have you experienced age discrimination at work, or if you know someone who has.
- Are you making retirement plans?
- Are you concerned about how healthcare will affect those plans?