Policy

July 15, 2010

Chairman Baucus, Ranking Member Grassley, distinguished members of the Finance Committee: Thank you for the chance to share with you some thoughts about a promising opportunity for American renewal.

Hardheaded realists like to say there are only four ways to finance the aging of the baby boom generation: raise taxes, increase borrowing, cut Social Security and Medicare benefits or slash other programs.

Looking for an encore service opportunity? Interested in how to design one? Want general information about encore careers? This document lists programs, organizations, web sites, and written resources that will be of interest to individual career seekers and program designers.

Want more information about what’s included in the Serve America legislation? This document describes innovations in the Serve America Act that make national service more accessible to people 55+, including the new encore service provisions included in AmeriCorps. For a more complete overview of the Serve America Act (signed by President Obama in April 2009), visit this page on the Corporation for National and Community Service web site.

MetLife Foundation/Civic Ventures New Face of Work Survey

Half of Americans age 50 to 70 want jobs that contribute to the greater good now and in retirement, according to the 2005 MetLife Foundation/Civic Ventures New Face of Work Survey.

Organization: 
Civic Ventures

Carstensen is one of the world's leading authorities on longevity and aging. A professor of psychology at Stanford University and founding director of the Stanford Center on Longevity. In this book, she shatters the myths and misconceptions about aging that stop individuals from adequately preparing for healthy, fulfilling and financially stable long lives.

Find the book on Amazon.com:

As millions of baby boomers begin to retire, our federal government, the nation’s largest employer, will be especially hard hit. One solution to the brain drain is to look toward other retiring boomers – from the military and the public and nonprofit sectors – to fill those positions at not only the federal level, but the state and local level as well. Over time, government has grown isolated from external talent pools, with very from the private and nonprofit sectors moving into the highest levels of civil service.

In the early 1990s a grassroots youth service movement called the Commission on National and Community Service emerged and began to attract attention. The original proposals for this commission, as presented to the President and Congress, included provisions for older adult service, but they were later dropped. This unfinished business calls to be revisited, as millions of public-minded older Americans stand at the brink of retirement, ready to engage in tackling our nation’s most difficult social challenges.

ENCORE SURVEYS

Bridging the Gap: Making it Easier to Finance Encore Transitions – Millions of people face difficulties in making the transition from their earlier work to their encore careers, according to new research from MetLife Foundation and Encore.org. New approaches and tools, though, can help people finance the transitions to their encore careers, resulting in a win for both individuals and society.

Read this Civic Ventures paper to learn how national service can become a powerful encore career pathway that leverages new talent for nonprofits. It explores the Serve America Act's new encore service provision, which sets a goal of dedicating 10 percent of AmeriCorps competitive grant resources to programs that engage people 55 and older. The final section suggests policy and practice changes to maximize the value of AmeriCorps encore service.

Mobilizing Encore Talent for Education, Health and Environment

Hundreds of thousands of boomers and others are poised to work on proven innovations and cost-effective interventions to help kids succeed, improve people’s health and protect the environment.

That's why is makes sense to make modest investments in advancing encore careers - investments that will be recouped in the added success of targeted, high-priority initiatives that deploy this windfall of experienced, talented people. Encore talent is early talent, “venture human capital” that can help take promising models to full-scale solutions.


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