Phased Retirement

The Chamber is concerned about current retirement systems as well as ensuring that these systems continue to be valuable retirement tools. Encouraging the implementation of phased retirement programs is crititcal to this goal. The barriers to phased retirement are many and include legal, fiscal, policy, and practical issues. Phased retirement programs could be advantageous to employers, workers, and the overall economy. It would be injudicious for statutory and regulatory burdens to restrict what could otherwise be a beneficial situation for all parties. Rather, statutes and regulations should encourage employers to implement phased retirement programs that provide attractive benefits and incentives for workers to stay with their employers by continuing to address the legal, fiscal, policy, and practical barriers to phased retirement.