September 2018
Abstract: Phased retirement offers many benefits to employees who wish to maintain a steady income stream later in life and to employers who want to retain their experienced workforce, yet few employers
offer formal programs as a variety of barriers hinder widespread implementation. These barriers include regulatory complexities and ambiguities involving federal tax and age discrimination laws. Thus, employers are tasked with overcoming significant barriers to facilitating a phased transition into retirement for their workers. In this report, we addresses the various challenges related to phased retirement from the employee, employer, and legal perspective. Further, we discuss employee interest in working past the traditional retirement age by using 2014 Health and Retirement Study (HRS) data.