Clark, Robert LMorrill, Melinda S2023-05-232023-05-232009-11-012019-08-23https://repository.upenn.edu/handle/20.500.14332/43712Financial literacy and a basic understanding of employer and national retirement programs are essential as older workers transition from full time work into retirement. The retirement process requires individuals to make a series of decisions that will influence their retirement income and economic well-being throughout the rest of their life. However, considerable evidence indicates that workers of the verge of retirement have a rather low level of financial literacy. Many employers have developed pre-retirement financial education and retirement planning programs for their retirement eligible workers. A recent symposium examined the use of employer programs, their effectiveness in enhancing worker knowledge, and the impact of improved financial literacy on retirement plans. This working paper presents a summary of the discussion and highlights the important findings of the symposium.Opinions and errors are solely those of the authors and not of the institutions with which the authors are affiliated. Copyright 2009 © Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.EconomicsWorking Paper