Flexibility

• Individuals who chose a phased retirement option are often able to work more flexible hours than when they worked full time. This flexibility provides them with more opportunities to pursue hobbies and enjoy time with friends and family while still working.
  
  

Eased Transition

• Retirement can be a difficult transition for many. A phased retirement results in a more gradual, easier transition.
  
  

Supplemental Income

• Phased retirement provides individuals with supplemental income which enables them to use less of their retirement savings.
  
  

Retention

• Phased retirement benefits employers by allowing them to retain experienced and well trained individuals.
  
  

Reduced Cost

• Employers that allow employees to take a phased retirement can reduce the amount they pay out in salary, particularly if the job is able to be done in fewer hours. Employers also save money since benefits are often reduced for employees participating in a phased retirement plan.