Phased retirement: A disconnect between workers and employers

There’s no better way to improve the odds of achieving a secure retirement than working longer. Research shows that a majority of Americans hope to implement that strategy – many through a “phased retirement” involving continued work with reduced hours. Just one problem: many employers aren’t on board.

Two-thirds of baby boomer workers envision a phased transition into retirement, shifting to a reduced schedule or doing less demanding work, according to a survey of employers and workers by the Transamerica Center for Retirement Studies. Just 21 percent said they expect to immediately stop working when they retire.

But only 48 percent of employers offer phased retirement options, the study found, and only 37 percent make it possible for workers to shift to positions that are less stressful or demanding. Learn more at

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