Definition:

A flexible retirement option where employees reduce work hours or responsibilities while transitioning toward full retirement.

Context & Importance:

Helps retain experienced employees longer while allowing smoother succession planning.

Use Cases:

• Senior employees transitioning roles
• Flexi-work hours for retirement-age professionals

Related Concepts:

Retirement planning, workforce continuity

TankhaPay Relevance:

Configure reduced-hour contracts, adjust payroll, and maintain compliance for semi-retired employees.