Phased retirement is a work arrangement that allows employees near retirement age to make a gradual transition to full retirement. The most common arrangement for phased retirees is part-time employment, typically 20 to 30 hours per week.
WagnerCollege, will consider requests for a phased retirement schedule from full-time administrative and staff employees meeting the following criteria:
- Minimum of 62 years of age.
- Minimum of 20 years of service.
The employee request should be submitted in writing to the supervisor, and a copy filed with the Office of Human Resources. Any employee considering phased retirement should be aware how a reduced schedule might affect their benefits eligibility.
In those cases where an employee is granted a phased retirement schedule, there will be a three (3) month trial period. At any time during this trial period, the employee may rescind the request or WagnerCollege may revoke the arrangement without prejudice. It is understood that such work arrangement will not change my at-will employment status.
While every consideration will be given to all applications, WagnerCollege reserves the right to deny a request for phased retirement, if granting it would negatively affect the functioning of the department, in the judgment of the Department Director and the Director of Human Resources.