b'Business ManagementHow can they leverage in retirement what they\'ve accu- take to trigger good decisions about retirement."mulated in a health savings account (HSA)? If they work in a public-facing job, some older workers may be "More employers are focusing communication around contemplating early retirement because of the health risks integrating HSAs with long-term retirement savings," said from the pandemic. In this case, those employees need to Steve Vernon, a research scholar with the Stanford Institute onmake sure they know and understand the consequences of Longevity in Palo Alto, Calif. "There is the potential to use HSAsretiring early. Social Security claiming strategies can showto fill in gaps in retirement planning." employees the financial effect of receiving payments starting at age 62 instead of waiting until full retirement age or until Retiree health care costs should also factor into discussionsage 70 to receive maximum benefits. This is also the time for with younger employees, who may choose to use some HSAemployees to explore the pros and cons of using their plan funds for immediate health care costs and save others for useassets to purchase an annuity for retirement income toin retirement.supplement Social Security benefits.Move from retirement saving to retirement incomeFinally, there\'s the role of work during retirement to consider: Employers that offer part-time work for older workers canRetirement planning should support employees as they faceprovide information on potential opportunities during retire-decisions such as:ment planning.When to start claiming Social Security benefits.SHRM, the Society for Human Resource Management, creates better workplaces where employers and employees thrive together. As the How inflation and longevity affect retirement security.voice of all things work, workers and the workplace, SHRM is the Whether they want or need to work part time during theirforemost expert, convener and thought leader on issues impacting retirement.todays evolving workplaces. With 300,000+ HR and business execu-tive members in 165 counties, SHRM impacts the lives of more than 115 million workers and families globally. Learn more at SHRM.org "This is about planning financial security for 20 or 30 years,"and on Twittersaid Vernon, who contributed to a series of essays onretirement planning for the Society of Actuaries. "They need to know what to expect in retirement and what steps they can Page 7CONSTRUCTION JOURNAL'