CFOs Staying On The Job

Even professional money counters are worried about their piggy banks.

In a recent random survey of American chief financial officers of companies with 20 or more employees, 27 percent said they plan to work more than they did five years ago. Another quarter said the current climate is so uncertain they can't predict when they will retire.

However, 43 percent said the recession isn't affecting their retirement timeline.

Most of the CFOs who said they are pushing back their retirement age goals cited the state of the economy and the tumbling stock market, especially its effects on their savings. Another 11 percent cited Social Security concerns, while 10 percent said health care costs are prolonging their working years.

The survey was developed by Robert Half Management Resources, a unit of staffing company Robert Half International Inc. It polled 1,426 CFOs in U.S. companies by telephone from Dec. 17-Jan. 14.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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