Cinergy Chosen by AARP as One of Best Employers for Workers Over 50
07 September 2005 - 12:11AM
Business Wire
Cinergy Corp. (NYSE:CIN) has been named by AARP to its list of the
top 50 employers for workers over 50 years of age and is the only
company in Ohio, Indiana and Kentucky to be chosen. Cinergy offers
a number of programs that promote workplace quality and are
attractive to an experienced workforce. Included is a senior
leaders program that allows management to bring back certain
retired workers on a contractual basis to assist in training other
employees and expanding their skills. Cinergy also provides pension
and post-retirement medical benefits as well as a phased retirement
program that allows employees to work on a part-time basis prior to
full retirement. The company has a reasonable accommodations
committee that assists employees with disabilities to allow them to
perform to their highest potential. Its resource and referral
program helps employees with eldercare alternatives. Cinergy's live
well initiative promotes healthy lifestyle choices and offers
incentives to employees to maintain their health. "We are very
pleased to be recognized by AARP as a best employer for workers
over 50," said James E. Rogers, chairman and chief executive
officer of Cinergy. "It confirms our emphasis on workplace quality
which allows us to attract and retain top talent and is a mainstay
of our corporate sustainability philosophy." "The distinguished
employers in the top 50 have exemplary practices at a time when the
value of older employees is beginning to be broadly recognized as a
key resource for corporations," said AARP CEO Bill Novelli. "Too
many employers still do not recognize the advantages that older
workers bring to the table. The value of these employees will
become increasingly apparent as the workforce ages in the years
ahead." AARP is a nonprofit, nonpartisan membership organization
that helps people 50+ have independence, choice and control in ways
that are beneficial and affordable to them and society as a whole.
We produce AARP The Magazine, published bimonthly; AARP Bulletin,
our monthly newspaper; AARP Segunda Juventud, our bimonthly
magazine in Spanish and English; NRTA Live & Learn, our
quarterly newsletter for 50+ educators; and our website,
www.aarp.org. AARP Foundation is an affiliated charity that
provides security, protection, and empowerment to older persons in
need with support from thousands of volunteers, donors, and
sponsors. We have staffed offices in all 50 states, the District of
Columbia, Puerto Rico, and the U.S. Virgin Islands. Cinergy Corp.
has a balanced, integrated portfolio consisting of two core
businesses: regulated operations and commercial businesses.
Cinergy's regulated public utilities in Ohio, Indiana, and Kentucky
serve 1.5 million electric customers and about 500,000 gas
customers. In addition, its Indiana regulated company owns 7,000
megawatts of generation. Cinergy's competitive commercial
businesses have 6,300 megawatts of generating capacity with a
profitable balance of stable existing customer portfolios, new
customer origination, marketing and trading, and industrial-site
cogeneration. Cinergy's integrated businesses make it a Midwest
leader in providing both low-cost generation and reliable electric
and gas service.
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