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What retirement wave?

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Posted on Sep 10, 2013 at 9:13 AM


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Reader comments

Wed, Sep 11, 2013

As an engineer I obviously can see the big retirement wave that did hit in February and March. Yes, it was short and things went back to nearly normal in April, but it did not go far below normal to significantly compensate for that big hit - a very BIG hit considering that the total retirement for the year was far above projected. I know some of it was due to the furloughs and lack of pay increases (which equate to pay cuts when you factor inflation). Not much of a reason to come to work at a reduced pay when you can do almost as well on retirement. The future doesn't look much better.

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