scholarly journals Older Workers: Phased Retirement Programs, Although Uncommon, Provide Flexibility for Workers and Employers

2017 ◽  
Author(s):  
Charles A. Jeszeck ◽  
Michael J. Collins ◽  
Laura Hoffrey ◽  
Laurel E. Beedon ◽  
Jessica Rider
Keyword(s):  
Older Workers ◽  
Phased Retirement

Phased Retirement for Older Workers in Taiwan

2012 ◽  
Vol 33 (3) ◽  
pp. 328-337 ◽  
Author(s):  
Jennjou Chen ◽  
Ching-Hsiang Chuang
Keyword(s):  
Older Workers ◽  
Phased Retirement

scholarly journals Retaining older workers: the effect of phased retirement on delaying early retirement

2015 ◽  
Vol 6 ◽  
Author(s):  
Åsmund Hermansen
Keyword(s):  
Relative Risk ◽  
Older Workers ◽  
Early Retirement ◽  
Working Hours ◽  
Full Time ◽  
Flexible Working Hours ◽  
Flexible Working ◽  
Before And After ◽  
Phased Retirement ◽  
The Impact

Introduction: Phased retirement involves reducing working time in the final years before retirement. The aim of phased retirement is to extend working careers and retain older workers who would otherwise opt for full early retirement. This article investigates the effect of offering phased retirement on early-retirement behaviour in Norway.Method: The data used in the analysis covers the period between 2000 and 2010 and comprises all employees between 61 and 62 years of age (N= 18 174) who were employed in any of the 442 companies that participated in a 2010 survey carried out by the Fafo Institute for Labour and Social Research and Respons Analyse AS, a Norwegian research firm. I use a difference-in-differences approach and logistic regression, which enables the measurement of changes in the individual relative risk of retiring full-time on the contractual pension (AFP, avtalefestet pensjon, contractual early-retirement pension,) before and after the introduction of phased retirement as a retention measure.Results: The results show that working in a company that offers reduced working hours for older workers does not have an effect on the relative risk of a 61- or 62-year-old withdrawing a full contractual pension in the next two years of their employment. This result is evident both before and after controlling for a range of known individual risk factors, as well as after controlling for company characteristics.Discussion: In the search for suitable measures for retaining older workers, offering phased retirement may still be part of the answer. Though my analysis does not support the idea that more flexible working hours is a decisive factor for those who choose to opt for full early retirement, a possible next step could be to investigate the impact of offering flexible working hours on the employment duration of those who do remain in employment.

scholarly journals Providing informal care next to paid work: explaining care-giving gratification, burden and stress among older workers

2020 ◽  
pp. 1-19
Author(s):  
Olga Grünwald ◽  
Marleen Damman ◽  
Kène Henkens
Keyword(s):  
Informal Care ◽  
Older Workers ◽  
Occupational Status ◽  
Working Hours ◽  
Work Situation ◽  
Explanatory Role ◽  
Levels Of Care ◽  
Care Givers ◽  
Care Giving ◽  
Phased Retirement

Abstract With an increasing retirement age, more older adults are combining employment with informal care-giving responsibilities. However, little is known about how older workers experience care-giving activities next to their paid jobs. This study aims to fill this gap by examining how the work situation (i.e. working hours, occupational status and perceived access to human resources practices) is associated with feelings of gratification, burden and stress in care-giving. Using data from the NIDI Pension Panel Survey, we study care-giving experiences – in other words, the extent to which care-giving activities are gratifying, burdensome or stressful – of 1,651 Dutch older workers (age 60–65) who provide care at least once per week. Multivariate analyses reveal that the work situation plays an explanatory role next to socio-demographic factors and indicators of the care-giving situation. Working care-givers who feel they have access to phased retirement and organisational health support experience care-giving as relatively less burdensome and stressful. Moreover, those with access to phased retirement experience relatively higher levels of gratification in care-giving. Our findings suggest that the availability of organisational support relates to lower levels of care-giving burden and stress, and to some extent to higher levels of gratification. Organisations thus play an important role in facilitating the combination of work and care-giving obligations in a context of longer working lives.

scholarly journals PHASED RETIREMENT IN OLDER AMERICAN WORKERS

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S126-S127
Author(s):  
Shinae Choi ◽  
Genevieve Smith
Keyword(s):  
Older Adults ◽  
Older Workers ◽  
Well Being ◽  
The United States ◽  
Full Time ◽  
Older Individuals ◽  
Middle Aged ◽  
Data Set ◽  
Older Americans ◽  
Phased Retirement

Abstract Older workers are engaging in “phased retirement” in which they transition from full-time working status to part-time working and eventually retire at a later age. This study investigated whether phased retirement was financially and psychologically beneficial for middle-aged and older adults in the United States. The current study examined data on financial and psychological well-being and retirement transitions (i.e., immediate retirement and phased retirement) from the Health and Retirement Study (HRS) at two time points, four years apart. We analyzed 5,106 middle-aged and older adults from the 2010 and 2014 waves of the HRS data set using chi-square and one-way analysis of variance tests. Our results showed that 66.8% of respondents remained full-time working, while 12.7% of respondents chose phased retirement and 15.2% of respondents jumped straight into retirement. Our findings suggest that phased retirement is beneficial for older Americans financially and psychologically. Specifically, the level of total household financial wealth was significantly higher for those who chose phased retirement than immediate retirees from workforce. In terms of psychological perspectives, immediate retirees experienced more depressive symptoms than those who chose phased retirement. Our findings could help individuals and households to be better equipped when preparing for retirement. Our findings could also provide a basis for further research into phased retirement and its impact on well-being in middle-aged and older Americans. Furthermore, policymakers could be better informed about retirement trends and create policies based on our findings to better help older individuals and households be financially and psychologically prepared for retirement.

Phased Retirement and Workplace Flexibility for Older Adults

2011 ◽  
Vol 638 (1) ◽  
pp. 68-85 ◽  
Author(s):  
Richard W. Johnson
Keyword(s):  
Older Adults ◽  
Older Workers ◽  
Work Hours ◽  
Flexible Work ◽  
Workplace Flexibility ◽  
Retirement Benefits ◽  
Part Time ◽  
Flexible Work Schedules ◽  
Federal Laws ◽  
Phased Retirement

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.

Usable Flexibility, not Flexibility, Makes the Difference: A Study of Older Workers

2008 ◽  
Author(s):  
Rosalind Chait Barnett ◽  
Karen C. Gareis
Keyword(s):  
Older Workers ◽  
The Difference

Work and the retirement process: International perspectives on older workers

2007 ◽  
Author(s):  
Gwenith G. Fisher ◽  
Jeanette N. Cleveland
Keyword(s):  
Older Workers ◽  
International Perspectives

Monitor Viewing Distance for Younger and Older Workers

2008 ◽  
Author(s):  
Neil Charness ◽  
Katinka Dijkstra ◽  
Tiffany Jastrzembski ◽  
Sallie Weaver ◽  
Michael Champion
Keyword(s):  
Older Workers ◽  
Viewing Distance
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