More firms offer workers phased retirements | The Detroit News | detroitnews.com

Businesses also see phased retirement as a way for employees to transfer knowledge to their replacements and to mentor younger workers.

It also is a way for them to reduce the payroll without losing a valued employee’s expertise and experience.

“We’re helping not only the retiree to transition, but the retiree is hopefully helping us to transition too, by passing on that corporate memory,” said Judy Gonser, director of benefits and labor relations at The Aerospace Corporation, whose engineers have been at the helm of a variety of space-age projects, including missile defense.

via More firms offer workers phased retirements | The Detroit News | detroitnews.com.

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