Journal Articles

Phased Retirement and Workplace Flexibility for Older Adults : Opportunities and Challenges

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Phased retirement programs that allow older workers to reduce their hours and responsibilities and pursue more flexible work schedules could satisfy both the employee’s desire for flexibility and the employer’s need to maintain an experienced workforce. However, few employers have established formal programs, because they often complicate the provision of other benefits and might violate antidiscrimination rules. For example, federal laws limit retirement plan distributions to employees who are still working for the plan sponsor, which discourages phased retirement because few older workers can afford to reduce their work hours unless they can receive at least some retirement benefits. Many employers do not provide fringe benefits to part-time employees, and making exceptions for older workers could violate antidiscrimination rules. Federal laws requiring that benefits provided through tax-qualified plans be evenly distributed between highly compensated and lower-paid employees also complicate formal phased retirement programs. Reforming these policies could promote phased retirement.

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Detail Information

Series Title

The ANNALS of the American Academy of Political and Social Science

Call Number

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Publisher

Thousand Oak : sage publisher., 2011

Collation

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Language

English

ISBN/ISSN

00027162

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

Vol. 638 no. 1, November 2011,pp. 68-85

Subject(s)

Phased Retirement and Workplace Flexibility
Older workers
Age discrimination

Specific Detail Info

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