Phased Retirement: Understanding How Older Workers Transition Into Retirement
Tuesday, 27 August 2024, 07:16
Phased Retirement Overview
Phased retirement offers an innovative approach for older workers who seek a balanced transition into retirement. Here are four popular strategies:
- Reduced Hours: Transitioning from full-time to part-time hours, maintaining involvement while enjoying more free time.
- Job Sharing: Collaborating with another employee to share responsibilities and hours, encouraging greater flexibility.
- Consulting Opportunities: Leveraging expertise by transitioning into consulting roles, allowing for continued professional engagement.
- Mentoring Roles: Taking on mentorship to share knowledge while gradually stepping back from active duties.
This approach not only aids in adjusting to retirement but also allows older workers to retain some professional identity, contributing meaningfully while enjoying newfound leisure.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.