<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

ODP Employees: Discover the Exciting Possibilities of Continuing Your Career in Retirement

image-table

Healthcare Provider Update: Healthcare Provider for ODP: ODP, also known as Office Depot, typically provides healthcare benefits through various national insurers. For 2026, major players like UnitedHealthcare, Anthem, and Cigna are critical as potential providers, particularly in light of the anticipated increases in healthcare costs affecting employees. Brief Overview of Potential Healthcare Cost Increases in 2026: In 2026, ODP employees may face significant healthcare cost increases as a result of soaring insurance premiums within the ACA marketplace and an overall rise in medical expenses. Reports indicate that some states could see premium hikes of over 60%, substantially affecting out-of-pocket costs for many individuals. Furthermore, the expiration of enhanced federal subsidies could lead to a staggering 75% increase in net premiums for the majority of ACA enrollees, emphasizing the need for employees to proactively evaluate their benefit options and financial strategies to manage these rising costs effectively. Click here to learn more

The idea of blending generations in the workplace and the pursuit of 'encore careers' provide a significant change in our understanding of the length and importance of our professional life in the work and career dynamics of today. Author and businessman Marc Freedman speaks eloquently about these subjects, highlighting the many advantages of working past conventional retirement age and the ways in which ODP professionals can reinvent themselves through fulfilling second careers.


The conversation between Christine Benz and Amy Arnott of Morningstar and Freedman reveals a thorough grasp of the social and individual ramifications of working later in life. Freedman, who managed a home with kids after surpassing the conventional retirement age, highlights the significant emotional and social advantages of long-term employment in addition to its financial necessity. He brings up a study conducted ten years ago that found retirees frequently miss the fruitful interactions and teamwork that come with working toward worthwhile objectives. This realization supports Freud's claim that the two most important aspects of being human are love and work, which provide us with a purpose to get out of bed in the morning and the thread that binds our social networks together.

The desire to prolong working life for ODP employees, however, is confronted with real obstacles, such as societal and infrastructure impediments that impede people's ability to smoothly enter this new stage of life. Freedman draws attention to the disparity that exists between the desire and reality of working longer hours. He emphasizes the necessity for additional supportive systems that facilitate older workers' entry and exit from the labor.

Innovative attempts to easing these transitions are exemplified by encouraging developments, like higher education programs tailored for individuals in their later years. Programs like the Encore Fellowship at Harvard and the Advanced Leadership Initiative provide a means for seasoned professionals to reevaluate their purpose, acquire fresh perspectives, and get ready for meaningful encore careers. Though specifically designed to meet the needs and goals of ODP individuals seeking to reinvent their later years, these programs are a reflection of the transitional support networks that have historically been accessible to young adults.


Maintaining a job at ODP well into old age has several advantages, including social interaction, financial security, and a strong feeling of purpose. Surgeon General Vivek Murthy's focus on the scourge of loneliness is addressed by research, which also highlights the fundamental connection between meaningful living and health. This research includes insights from the Blue Zones series. The workplace becomes a vital setting for building relationships and satisfying the human need for purposeful work, as Marge Piercy so eloquently puts it: 'The pitcher cries for water to carry and a person for work that is real.'

Prominent individuals such as Jimmy Carter, whose humanitarian endeavors after leaving the presidency exemplify the possibility of meaningful work later in life, serve as inspiration for Freedman's concept of the encore career. These professions frequently represent an evolution rather than a radical break from earlier work, building upon the knowledge, expertise, and interests cultivated throughout a lifetime. Gary Maxworthy is a prime example; driven by both a personal loss and a lifetime of experience in food distribution, he created the Farm to Family program, which greatly increased the caliber and amount of food that food banks could provide.

This story not only describes the 5 million Americans who are now pursuing encore careers, but it also suggests that society could utilize the talents of an additional 21 million people who make this shift a priority. These professionals' combined experience and knowledge constitute a powerful resource that, with proper mobilization, may have a significant positive impact on society.

Featured Video

Articles you may find interesting:

Loading...


To sum up, the trend toward longer working lifespans and the desire for encore careers represents a more expansive vision for our career and personal paths. It promotes a social reassessment of the potential contributions of elder generations, highlighting the significance of establishing pathways for ongoing development, fulfillment, and contribution. We can change the way people think about work and retirement by implementing creative programs and providing strategic assistance. This will help to create a future in which ODP employees and the rest of the work force has the chance to pursue work that is both financially and personally fulfilling.

When considering career options after retirement from ODP, it's important to keep in mind that, according to a 2022 report from the Bureau of Labor Statistics, people 65 and older are expected to join the workforce at a rate that will increase faster than that of any other age group through 2030. This pattern highlights a change toward career participation in later life, indicating seniors' need and desire to continue being involved in the workforce. These figures demonstrate how retirement is changing, indicating that it is no more a definite conclusion to employment but rather a stage of transition for many people.

See retirement as the beginning of an exciting new chapter in a big, ongoing tale, rather than the end of a book. Retirement provides a rich environment for growth, change, and the cultivation of new endeavors for the modern professional, much like an experienced gardener doesn't just hang up their tools at the end of the season but instead starts planning for the next bloom. This can be viewed as a chance to gather the wealth of knowledge and experience accumulated over a lifetime and plant the seeds for a second career that will be personally fulfilling and contribute positively to society. Those entering this stage can combine their in-depth knowledge with novel endeavors, much like a gardener who understands that the best crops are produced through a combination of old and new ways. This will ensure that their legacy endures and influences future generations.

What is the ODP 401(k) Savings Plan?

The ODP 401(k) Savings Plan is a retirement savings plan that allows eligible employees to save for retirement through pre-tax and/or Roth contributions.

How can I enroll in ODP's 401(k) Savings Plan?

You can enroll in ODP's 401(k) Savings Plan by accessing the enrollment portal provided by ODP or by contacting the HR department for assistance.

What types of contributions can I make to ODP's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth contributions, and after-tax contributions to ODP's 401(k) Savings Plan.

Does ODP match employee contributions to the 401(k) Savings Plan?

Yes, ODP offers a matching contribution to eligible employees who participate in the 401(k) Savings Plan, helping to boost their retirement savings.

What is the vesting schedule for ODP's matching contributions?

The vesting schedule for ODP's matching contributions typically follows a graded vesting schedule, which means employees gradually earn ownership of the employer's contributions over time.

When can I start withdrawing from my ODP 401(k) Savings Plan?

Employees can begin to withdraw from their ODP 401(k) Savings Plan upon reaching the age of 59½, or under certain circumstances such as financial hardship or termination of employment.

Are there any penalties for early withdrawal from ODP's 401(k) Savings Plan?

Yes, if you withdraw funds from ODP's 401(k) Savings Plan before age 59½, you may incur a 10% early withdrawal penalty, in addition to regular income taxes.

Can I take a loan against my ODP 401(k) Savings Plan?

Yes, ODP allows employees to take loans against their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan documents.

How often can I change my contribution amount to ODP's 401(k) Savings Plan?

Employees can change their contribution amounts to ODP's 401(k) Savings Plan at any time, typically through the online portal or by contacting HR.

What investment options are available in ODP's 401(k) Savings Plan?

ODP's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

New call-to-action

Additional Articles

Check Out Articles for ODP employees

Loading...

For more information you can reach the plan administrator for ODP at , ; or by calling them at .

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for ODP employees