What are the benefits of flexible retirement?
It gives a member:
- more time to spend with friends and family
- more time to learn new skills that could help with the move into full retirement
- the chance to take life easier, without giving up the structure and companionship of work
- the chance to fill any gap in their earnings with their pension
- the chance to adjust to retirement while still having a good standard of living.
It helps an employer with:
- succession planning, by keeping skills which can be passed on to other staff
- keeping staff which reduces the time and costs of recruitment and training
- having more staff to cover busy periods
- making the organisation a great place to work by prioritising a work life balance.