NOT READY TO MOVE ON...............

   A national survey of 600 employees and 150 employers by human resources consultant, Mercer found that more than 40 percent of

   employees aged 50 and  over don't know how much they will need in retirement.  One in four expect to delay retirement until their 70's. 

  "The impact of recent stockmarket declines on baby boomers' superannuation means that traditional retirement is not an option,"


   Mercer Principal, David Anderson says.  "Instead they're looking to their employer for practical help in preparing for retirement -

  and for employers that means facilitating financial advice and education as well as flexible working arrangements."

   Maercer's 2008 "Benifits outside the square" study says nearly 50 percent of employees aged over 50-plus are dissatisfied with their 

  employee benefits, making them the most unhappy employee demographic.  When these employees were asked how their employer

  could best help them prepare for retirement, financial advice, guidance and education topped the list - but only 28 percent of 

  employers are providing that assistance. 

  Another complaint is the lack of discussion between employees and employers on succession.  Employees want to reduce the

  number of hours they work while continuing to receive an income, Anderson says, but 86 percent of employees aged 50-plus have 

  not discussed this with their employer.