Zissimopoulos says changes should be made to pension funds to accommodate the rise in older workers. For instance, older employees who want to transition to part-time work are discouraged from doing so because many defined-benefit pension checks are determined by the last few years of income.
"People should be able to reduce their hours without taking a hit to their pensions," she said. The change would allow them to work--and pay into Social Security--for more years.
Instead of dooming Social Security, boomer workers could ride to its rescue. That will free politicians to tackle the bigger and more immediate entitlement problem: making Medicare solvent.
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