Older workers would delay retirement if given the chance: study

Aging baby boomers, worker preferences driving more U.S. employers to explore phased-retirement programs
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|hrreporter.com|Last Updated: 04/07/2004

O

ne out of three older workers in the United States would continue working longer than otherwise planned if their employer offered a phased retirement program. But many employers have yet to establish formal or informal arrangements — such as shorter work weeks, flexible hours or the opportunity to try something new — that would encourage older workers to delay full retirement, according to consulting firm Watson Wyatt.

The study, which surveyed 1,000 workers at or near retirement age in the U.S., looked at why and how workers phase into retirement, how phasing affects the age at which workers fully retire and the implications for employers.