The MITRE Corporation Named One of Best Employers For Workers Over 50 By AARP

FOR IMMEDIATE RELEASE:

Bedford, Massachusetts, September 23, 2003 — Today, the AARP named The MITRE Corporation to its annual list of "AARP Best Employers For Workers Over 50." This program recognizes employers across the U.S. that excel at recruiting, retraining and retaining mature workers.

The MITRE Corporation, headquartered in Bedford, Massachusetts and McLean, Virginia, was cited for its emphasis on education and training, for fostering an atmosphere of collaboration, supporting mobility within the organization, financial planning services, phased retirement options, the MITRE Retiree Association, and the "Reserves at the Ready" program that affords retirees the option of working on a part-time, on-call basis.

"We are extremely pleased to receive this prestigious recognition from AARP," remarked Bill Albright, MITRE's director of quality of work life and benefits. "It is nice to know that our corporate culture, policies, and programs are such that we can attract and retain outstanding employees to help us meet our corporate objectives regardless of age. At MITRE, we need creative ideas, outstanding performance, and high productivity from our staff, and have found that our older workers are great contributors in satisfying these needs."

The AARP, a nonprofit, nonpartisan membership organization, invited firms to apply for the "Best Employer" designation by describing their innovative practices toward workers age 50 and over in an extensive questionnaire. A panel of five outside judges—including human resources experts, academicians and experts on aging workforce issues—selected the finalists. The list includes 25 companies in 17 states.

In three years, almost 40 percent of America's workforce will be over age 45, and by 2015, the population of workers age 50-plus is expected to rise more than 50 percent.

"We are on the brink of an aging revolution, as the first wave of the 76-million baby boomer population reaches and redefines traditional retirement," says Deborah Russell, AARP's national expert on economic security and work issues. "Boomers will not only live longer and healthier lives than previous generations, they will remain in the workplace for years to come."

MITRE (www.mitre.org) is a not-for-profit national resource that provides systems engineering, research and development, and information technology support to the government. It operates federally funded research and development centers for the Department of Defense, the Federal Aviation Administration and the Internal Revenue Service, with principal locations in Bedford, Mass., and McLean, Va.

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