What is phased retirement? How does phased retirement benefit ...

[laurencescou]

What is phased retirement? How does phased retirement benefit both employees and employers?
 
  What will be an ideal response?

Question 2

Phased retirement allows employees to transition from full-time work to retirement in steps rather than all at one time.
 
  Indicate whether this statement is true or false.

[matt]

Answer to Question 1

Answer: Phased retirement is any arrangement that allows people to move from full-time work to retirement in steps. A benefit of phased retirement is that it permits a company to reduce labor costs without hurting morale. It also lets an organization hold on to its experienced workers so they can share their knowledge with a less experienced workforce. A recent study found that retirees who transition from full-time work into a temporary or part-time job experience fewer major diseases and are able to function better day-to-day than people who stop working altogether.

Answer to Question 2

Answer: TRUE

[laurencescou]

Wow, this really help

[debra928]

Thanks for the timely response, appreciate it