Wednesday, March 02, 2005

Growing Number of Older Workers Going through "Phased Retirement"

In an article by By Harry Wessel, The Orlando Sentinel, three workers are profiled who are part of the trend of "phased retirement," which experts predict will become more common as baby boomers start retiring, rather than traditional "cliff retirement," in which older workers move from full-time work to full-time leisure. Deborah Russell, director of economic security for AARP, predicts the trend will emerge within three to five years in the health-care industry, with most other industries following suit. However, Dallas Salisbury of the Employment Benefit Research Institute said even with eased rules, employers will be unwilling to offer the flexible, part-time schedules older workers want.

Source: "No longer your grandparents’ retirement" Portsmouth Herald (March 2, 2005)

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