19 pages. "Several approaches to phased retirement -- job sharing, reduced work schedules, and rehiring retired workers on a part-time or temporary basis -- can be accommodated under current law. Under the recently enacted Pension Protection Act, a pension plan can begin to pay benefits to workers who have not yet separated from the employer at the earlier of age 62 or the pension plan's normal retirement age, which in most plans is 65. Some employers would like to be able to pay partial pension distributions to workers who have reached the pension plan's early retirement age. This would require a change in federal law." [Report RL30629, updated Sept. 7, 2007]

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