Some 20 years ago today I started my retirement. If you have a hard time believing that, don’t feel bad, so do I. For my 80th birthday, last January, my girlfriend gave me a T shirt that says “I thought growing old would take longer.” Truer words were never spoken, or written on a T shirt.
To celebrate this retirement milestone, I would like to pass on to you what I consider to be the most important information you can get regarding retirement.
“Retirement refers to the time of life when one chooses to permanently leave the workforce behind.”
We have let ourselves go to the point that employers are now paying for it.
The Saturday edition of the Wall Street Journal talks about the costs in detail. “A 2011 Gallup survey estimated obese or overweight full-time U.S. workers miss an additional 450 million days of work each year, compared with healthy workers, resulting in more than $153 billion in lost productivity.”
Typically 20 percent of a company’s employees drive 80 percent of the health-care costs. and about 70 percent of the costs are related to chronic conditions resulting from lifestyle choices like overeating or sedentary behavior.
Companies, trying to get control of their rocketing healthcare costs, are fighting back. Last month CVS shocked some employees by asking for personal health metrics, like body fat, blood sugar, etc. or pay a $600 penalty. Michelin is adding as much as $1000 to health care costs of employees with high blood pressure or large waistlines.
After talking and writing about this for over three years, I wonder what it will take to get folks to do something about their personal health.