For the sixth time since 2005, Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, has been recognized nationally as one of America’s “Best Employers for Workers Over 50.” Pinnacol placed 15th on the list of 50 companies nationwide and is the only Colorado company to be recognized.
“Having workers over 50 is a tremendous benefit to the company,” said Ken Ross, president and CEO of Pinnacol Assurance. “They bring industry expertise, the ability to identify trends and the skills to build relationships with our stakeholders. Pinnacol is proud to be recognized for having a work environment that attracts and retains this valuable group of employees.”
AARP, the nation’s largest nonprofit membership organization for people age 50 and over, recognized Pinnacol as an employer that offers a wide range of workplace policies and benefits to meet the needs of an increasingly older workforce. Pinnacol–along with the other recipients of this distinction–has embraced the values and benefits important to workers over 50.
A generous paid-time-off bank, part-time work options and a variety of on-site training and certification programs are aong the benefits that appeal to Pinnacol’s employees. Additionally, the company matches a portion of employees’ contributions to its 401(k), allowing older workers to accelerate their retirement savings. Pinnacol pays the major portion of medical, dental and vision insurance premiums for eligible employees and contributes a portion of the premium cost for dependent coverage as well.
“Pinnacol is committed to creating an environment that attracts and retains experienced workers. This demographic makes up more than 30 percent of our staff and their average tenure is nine years,” said Carole Sumption, Pinnacol’s vice president of corporate resources. “In 2010, 17 percent of our new employees were 50 or older. Mature workers bring not only experience, work ethic and loyalty, but the ability to mentor our younger workers.”
Pinnacol retirees can stay connected to the company through the alumni program, which provides a variety of short-term job opportunities.