8 pages. Excerpt: The barriers to phased retirement include legal, fiscal, policy, and practical issues. There are legal restrictions on when benefits can be paid out, there are fiscal concerns surrounding the costs associated with employing older workers, such as increased pension payments and perceived increases in health care costs, and there are policy and practical concerns about how accruals should be calculated during phased retirement or how to apportion the payout. Overlying all of these barriers is a concern about fiduciary responsibilities and ensuring that a phased retirement program benefits workers without creating unintended consequences or onerous liabilities for plan sponsors.  MORE >>