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Please don't go! why phased retirement may make sense for your government.

Government Finance Review

| October 01, 2002 | Flahaven, Brian | COPYRIGHT 2002 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Two-fifths of state and local government employees will be eligible to retire between 2000 and 2015. Phased retirement is one strategy governments are using to retain skilled older workers and minimize training costs.

Encouraging governments to consider employee retention programs may seem a bit odd, especially when many are currently dealing with revenue shortfalls and tight budgets. When times are tough, governments often look for ways to remove highly paid older workers from the payroll using a variety of early retirement incentives. For the past 20 years, early retirement programs have been popular public sector money saving strategies. This year alone, a ...

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Source: HighBeam Research, Please don't go! why phased retirement may make sense for your...

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