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Definition: Phased Retirement. Phased Retirement is a process that allows full-time employees to work part-time schedules while beginning to draw retirement benefits. Phased retirement helps full-times employees to transition gradually into retirement.
This article lists the statutory retirement age in different countries. In some contexts, the retirement age is the age at which a person is expected or required to cease work and is usually the age at which they may be entitled to receive superannuation or other government benefits.he average of statutory retirement age in the 34 countries of the Organisation for Economic Co-operation and Development (OECD) in 2014 was males 65 years and females 63.5 years, but the tendency all over the world is to increase the retirement age.