Increasing Number of Working Retirees in Thuringia
In the German state of Thuringia, the number of retirees continuing to work increased significantly over the past decade. In 2022, approximately 33,100 women and men of retirement age were still employed, a 57% surge compared to 21,100 in 2014, according to the regional directorate of the Federal Employment Agency in Halle.
This trend is anticipated to continue as the baby boomer generation reaches retirement age.
Male and Female Participation
In 2022, more men than women in Thuringia worked beyond retirement age. Of the 18,900 employed male retirees, 77% held part-time jobs, primarily as drivers, in the warehousing industry, and delivery services. Some also worked as physicians.
Among the 14,200 working female retirees, 84% worked part-time. They were predominantly employed in office and secretarial positions, cleaning, and in the fields of education and social work.
Reasons for Extended Employment
A study by the Institute for Employment Research (IAB) based on representative survey data revealed that social and personal factors primarily motivate retirees to continue working. These include enjoyment of work and a desire for a meaningful occupation.
However, over two-fifths of respondents, particularly those in low-wage jobs, cited financial reasons for working during retirement.
Employer Perspectives
"We observe that more and more companies are hiring people of retirement age, often on a part-time basis but also in positions subject to social security contributions," said Markus Behrens, head of the regional directorate.
He highlighted the value of older employees’ extensive experience and expertise. Many are also agile, productive, and highly reliable.
Partial Retirement
For many retirees, a complete withdrawal from the labor market is undesirable. They prefer part-time work to maintain a balance between professional and personal pursuits.
Conclusion
The rising number of working retirees in Thuringia reflects a combination of personal motivations and changing demographics. As the baby boomer generation enters retirement, this trend is likely to continue.
Employers are increasingly recognizing the value of experienced and skilled older workers, particularly in part-time roles. Partial retirement allows retirees to enjoy a meaningful professional life while balancing it with personal activities and hobbies.
