Older workers seeking options for reducing hours on the job
UNDATED- Many aging baby boomers are caught between a desire to work less and a labor market that just isn't ready to let them go.
According to the Bureau of Labor Statistics, the number of people 65 and older who are still working in some capacity is higher now than 20 years ago.
The Transamerica Center for Retirement Studies finds that slightly more than 40 percent of U.S. workers hope to cut back hours, or transition to a less demanding position before retirement.
One option offered by about 8 percent of employers is "phased retirement." That allows retiring workers to go part time while also mentoring their incoming replacement.
In other cases, employers are eschewing formal arrangements in favor of short-term contracts.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Veteran Affairs to hold LA Gold Star dedication ceremony
Agency says two-headed snake may go to educational facility
Body located in Mississippi River near downtown area
Secretary of State urging residents to the polls with La. Voter Registration...
Bridge crash jams morning traffic in Baton Rouge