1. Careers
Send to a Friend via Email

Phased Retirement


Definition: Phased retirement occurs when older employees are allowed to steadily reduce their work hours before their official retirement date.

This method allows older employees to adjust to and prepare for retired life, hopefully reducing post-retirement stress (which occurs when retirees cannot cope with the drastic change in work and lifestyle).

Also Known As: Partial retirement

©2014 About.com. All rights reserved.