What is 'flextirement' and how common could it become?

The video discusses the evolving concept of retirement, highlighting a shift from traditional retirement to 'flex retirement,' which allows workers to transition from full-time to part-time work. This change is driven by demographic shifts and workforce shortages, particularly due to the retirement of experienced baby boomers. Flex retirement offers benefits like prorated salaries and reduced stress, but its adoption faces challenges. The video also compares flex retirement with phase retirement and cites examples like Swiss Re's program. The future of flex retirement depends on its acceptance as a solution to labor shortages.

What is one of the main reasons for the shift towards flex retirement in the U.S.?

• Technological advancements

• Higher education levels

• Shortage of experienced workers

• Increased life expectancy

How does flex retirement differ from traditional retirement?

• It allows part-time work with prorated benefits

• It requires complete cessation of work

• It offers full-time work with reduced benefits

• It provides no benefits

Which legislative act introduced a phased retirement option for some federal workers?

• Moving Ahead for Progress in the 21st Century Act

• Social Security Act

• Retirement Savings Act

• Affordable Care Act

Why might smaller firms be more inclined to adopt flex retirement?

• They are more technologically advanced

• They have more financial resources

• They cannot afford to lose experienced workers

• They have a younger workforce

What is a potential barrier to the widespread adoption of flex retirement?

• Insufficient government support

• Employer preference for traditional retirement models

• High costs associated with implementation

• Lack of interest from employees