A significant portion of the long-service employees at Anovator,Inc.,is reaching retirement age.As HR director,you realize that it will be a significant loss for the firm as well as a succession-planning nightmare if most of these retirees actually leave the firm at age 65.You would like to implement a phased-retirement program to allow the firm to adjust more slowly.But,one of the major impediments to successfully using this plan is
A) the over-age-65 employees will demand a wage-premium or significant retention bonus to induce them to stay.
B) the long-standing pension plan at your organization limiting receiving a pension while working.
C) opposition to phased retirement by the American Association of Retired Persons
D) that phased retirement plans are vulnerable to age discrimination lawsuits.

Question

Quizplus · Accepted Answer

The long-standing pension plan at the organization limits receiving a pension while working, which can be an impediment to successfully implementing a phased-retirement program. This may discourage employees from transitioning into reduced work arrangements, as they may lose out on pension benefits. Therefore, the organization needs to address the pension plan issue to ensure that the phased-retirement program is successful.

A Significant Portion of the Long-Service Employees at Anovator,Inc