Discover the Top 5 Advantages of Continuing to Work in Retirement for Westinghouse Air Brake Technologies Employees

Healthcare Provider Update: Healthcare Provider Information The healthcare provider associated with Westinghouse Air Brake Technologies (WABTEC) is often contingent upon employee choices, as many employees may utilize employer-sponsored plans or opt for plans on the Affordable Care Act (ACA) marketplace. Typically, large companies like WABTEC partner with major insurance providers, including plans offered by UnitedHealthcare, Cigna, or Anthem, allowing employees to choose from various healthcare options tailored to their needs. Potential Healthcare Cost Increases in 2026 In 2026, employees at Westinghouse Air Brake Technologies may face significant increases in their healthcare costs, primarily due to anticipated rate hikes in the Affordable Care Act (ACA) marketplace. With premium increases for some insurers expecting to exceed 60%, many employees could see their out-of-pocket expenses soar. The combination of rising medical costs, the potential expiration of enhanced federal premium subsidies, and major insurers seeking higher rates point towards potential out-of-pocket premium hikes that could exceed 75%. These changes necessitate early planning and strategic decision-making regarding healthcare plans to mitigate financial impacts. Click here to learn more

In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Westinghouse Air Brake Technologies.

 

1. Mental Benefits

Working during your Westinghouse Air Brake Technologies retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.

 

2.. Physical Benefits

Staying active during your Westinghouse Air Brake Technologies retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.

3. Financial Benefits

Besides the obvious extra income, working during your Westinghouse Air Brake Technologies retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.

4. Emotional Benefits

Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Westinghouse Air Brake Technologies.

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5. Social Benefits

One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.

Sources

1. AARP.org, February/March 2015