Extending working lives through flexible retirement schemes: Partial retirement

Report
Updated
09 September 2016
Published
09 September 2016
Formats
Executive summary in 22 languages

PDF

Abstract

Many EU Member States have implemented reforms to improve the sustainability of their pension systems. However, the impact of discouraging early retirement and increasing the pension age on effective retirement ages is limited, as many people are unable or unmotivated to work until pension age. Reduction of working time is one approach to enabling people to work longer than would have been feasible if they continued working full time. But a barrier to reduction of hours is the loss of income. Partial retirement schemes address this barrier by substituting part of the income loss with a partial pension or benefits. This report investigates how partial retirement schemes can contribute to sustainable and adequate pension systems by enabling and motivating people to extend their working lives. It maps schemes at the national and sector levels in the EU and Norway, examines their characteristics and assesses their impact on the extension of working lives. An executive summary is available - see Related content.

  • Full report

    Number of Pages: 
    88
    Reference No: 
    EF1629
    ISBN: 
    978-92-897-1541-6
    Catalogue: 
    TJ-04-16-465-EN-N
    DOI: 
    10.2806/004233
    Catalogue info

    Extending working lives through flexible retirement schemes: Partial retirement

    Many EU Member States have implemented reforms to improve the sustainability of their pension systems. However, the impact of discouraging early retirement and increasing the pension age on effective retirement ages is limited, as many people are unable or unmotivated to work until pension age.

    Available formats

  • Executive summary

    Reference No: 
    EF16291
    Catalogue info

    Extending working lives through flexible retirement schemes: Partial retirement - Executive summary

    Authors: 
    Eurofound

    This report investigates how partial retirement schemes can contribute to sustainable and adequate pension systems by enabling and motivating people to extend their working lives. It maps schemes at national and sector levels in the EU and Norway, and examines how they differ in characteristics, terms and conditions. Their impact on the extension of working lives is assessed, based on a literature review complemented with case studies of practical experiences with partial retirement schemes in the Czech Republic, Finland, France, Germany, the Netherlands, Norway and Sweden. Read more in the report - see Related content.

    Available in 22 languages for download

    PDF
Useful? Interesting? Tell us what you think. Hide comments

Add new comment