Experts have said that a wave of retiring workers will weigh down economic growth in the coming years unless Americans save more and employers take steps to hang on to more of their older employees. How the nation responds is a "critical question," said Donald L. Kohn, vice chairman of the Federal Reserve, warning that the costs could "fall entirely on future generations." Sen. Herb Kohl, chairman of the government's aging panel, introduced legislation Wednesday that would give employers a tax credit for establishing flexible work schedules that enabled older employees to stay on the job without losing healthcare or pension benefits.
See Jonathan Peterson, Los Angeles Times, February 28, 2007