Today’s workers are living longer than ever—but they are typically let go in their 50s and early 60s. A great gap has grown between the choices they want and what traditional employers offer. A recent SHRM survey found 64% of workers age 50-64 hope to work longer and ease into retirement, but only 5% of employers offer such options as formal programs.
What Is Phased Retirement?
True phased retirement enables a steady reduction in percentage of time worked over several years, e.g. year 1-90%, year 2-80%, etc. Partial retirement is a reduction to a static schedule, e.g., 80% or 60%. Both options typically include reduced salary and full or prorated benefits.
The Creative Solution
Advocates and pre-retirees have been seeking change for twenty years—without result. Whether to avoid outliving savings or to remain engaged, they are ready to act.
Respectful Exits is creating The Phazer™—a proven tool for employees to propose a win-win path to flexible and phased retirement. With your modest investment, we will build out this universal tool for free distribution to any worker who wants it.
CEO Paul Rupert describes The Phazer™
Why Do You Need The Phazer?
A successful request for phased or partial retirement depends on careful diagnosis of your work environment and a systematic, business-oriented proposal. In our guidance for requesting phased retirement we recommend the following steps at a minimum:
Assess your environment
Start with your employer in mind
Develop a written proposal
Submit your proposal, set a conversation
If accepted, plan regular evaluations
But making this request carries greater risk than most flexible work options because it involves conversations about your interest in possible retirement. That’s why The Phazer is a critical piece of the process.
This comprehensive tool is based on techniques that have worked for individual employees for more than a decade. This new and improved version will support a range of choices and provide the framework, documents, guidance and tips that aging workers need to safely pursue better futures with their current employer. Early donors will have the opportunity to preview the tool and help maximize its effectiveness for a broad range of situations.
How You Can Help
As a contributor, you will have the opportunity to preview the tool and even aid in its design.
Our #GivingTuesday match has been extended! Donate now through midnight December 31 and a generous donor will match your contribution 2-1! (Current total on Dec 13: $4020!)
Please share your commitment to Respectful Exits and The Phazer campaign! Spread the word on social media and let your friends and followers know why The Phazer matters.
Make Your Year-End Donation to Fund The Phazer
FUND THE PHAZER
$2,010 of $25,000 raised
Our #GivingTuesday match has been extended! Donate now through midnight Dec 31 and a generous donor will match your contribution 2-1! (Current total on Dec 13: $4020!)