Benefits of Phased-In Retirement Programs | AccountingWEB

Benefits of Phased-In Retirement Programs

A July 27 Wall Street Journal article, 'Phased Retirement Option for Workers Is Mainly a Boon for Their Employers,' generated a Web-based response from worldwide HR consultant Watson Wyatt.

The Journal commented that Watson Wyatt recommended phased-in retirement as a way for companies to reduce expenses.

However, Watson sees it differently. Specifically, phased retirement enables long-term employees to 'phase' into retirement through gradually reducing work hours--in certain cases, while collecting part of their pension check.

Phase-in programs are popular because employers need the workers and older employees often want to continue working beyond formal retirement at a somewhat shortened schedule.

For more information, visit this special Watson Wyatt Web page on pension plans.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.