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Keyword: Phased retirement

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Pension trends: Is phased retirement an option for your employees?

As more retirees remain on the job, companies should consider phased retirement arrangements

Flashback: When Quebec phased retirement

For generations, the concept of retirement centred around a one-time event: you worked to age 65, then your employer sent you off with a gold watch and your DB pension. But just as DB pension plans have begun to fall out of favour in recent years, so, too, has the concept of retirement changed.

  • By: Neil Faba
  • October 26, 2012 September 13, 2019
  • 07:07
How is phased retirement impacting employers?

The days of golf and gardening seem to be passé for the new age of retirees. Working in retirement, or “phased retirement,” as it’s been dubbed, is not a passing fad. But is this change one of choice or need? And, how is it impacting employers?

Working in retirement: The new normal?

For baby boomers on the cusp of retirement, they could find that meetings and marketing plans will need to be just as much part of their daily lives post-retirement as pre-retirement.

Since Jan. 1, 2008, the Income Tax Act (ITA) has allowed the payment of a pension to a plan member who continues to accrue pension benefits while still working. This type of arrangement has been officially termed a phased retirement program. Following this, a series of provincial and federal pension legislations have also been changed […]

Baby boomers on the cusp of retirement have been asked what it will take to keep them in the workforce, and their response is clear. Companies looking to retain older employees will have to sweeten the pot, including flexible hours and shorter workweeks, according to a recent workplace survey from RBC. Conducted by Ipsos Reid,The […]

  • By: Jody White
  • April 16, 2008 September 13, 2019
  • 00:00

With experts predicting an impending labour shortage due to the mass retirement of baby boomers, Quebec’s provincial government has introduced a bill aimed at smoothing the way for phased retirement. Bill 68 is an amendment to Quebec’s Supplemental Pension Plans Act (SPPA), allowing employees to receive a retirement pension (from a defined benefits pension plan) […]

  • By: Jody White
  • April 14, 2008 September 13, 2019
  • 00:00