Phased Retirement: Problems and Prospects

Introduction

As baby boomers near traditional retirement ages, many express an intent to work longer.   But older workers often look for greater flexibility that would allow them more time for non-work activities.  Not surprisingly then, the notion of phased retirement — where an older full-time worker remains with the same employer and gradually reduces work hours — has considerable appeal for employees. Phased retirement may help employers as well by allowing them to keep experienced and productive workers…