Compensation, Benefits & Rewards

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Special Report: Pension and Retirement Benefits: Phased Retirement--Firms Wing It

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1. Flexible Workplace Offerings

2. Hiring Back Retirees Via Third Parties
Even though the Pension Preservation Act of 2006 eased some restrictions on keeping on older employees while they draw on pensions, companies have been reluctant to give up the relationships they have formed with third-party providers. Companies with established ties to staffing firms are happy with an arrangement that’s familiar and fulfills their need for additional help on an as-needed basis.

Related Topics

Retirement/Pensions

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Flexible Workplace Offerings

Only 32 percent of 649 U.S. companies responding to an October 2007 survey by WorldatWork included phased retirement among workplace flexibility offerings to attract or retain workers.
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Next Article: 2. Hiring Back Retirees Via Third Parties
Even though the Pension Preservation Act of 2006 eased some restrictions on keeping on older employees while they draw on pensions, companies have been reluctant to give up the relationships they have formed with third-party providers. Companies with established ties to staffing firms are happy with an arrangement that’s familiar and fulfills their need for additional help on an as-needed basis.

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