Phased Retirement: Problems and Prospects

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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…