NU Online News Service, March 22, 2004, 5:46 p.m. EST – Many older employees want to cut back on their hours instead of retiring completely.[@@]
Researchers at Watson Wyatt & Company, Washington, interviewed 1,000 workers and retirees between the ages of 50 and 70. The participants included full-time workers, workers in “phased retirement” arrangements and fully retired workers.
The researchers found that 63% of active workers hope to work part-time before they retire completely and another 48% would like to work more flexible hours.