$*$Topic: Baby$-$boomers Approaching Retirement $($Implications for Employer$-$Based Benefits$).$

Please answer the following questions succinctly and try to provide an example to justify your way of thinking.

$1)$ How can employers balance the financial implications of meeting the retirement benefit needs of baby boomers while ensuring the sustainability of their benefits programs?

$2)$ What strategies can employers implement to support the transition of baby boomers into retirement while retaining their knowledge and expertise within the organization?

$3)$ What role should government$-$based benefits programs play in supporting retiring baby boomers, and how can employers collaborate with these programs to optimize benefits for their employees?