Proposed Treasury regs to permit phased retirement.(Internal Revenue Service's regulations for retirement income)

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...training to an upcoming, smaller generation of workers, the Internal Revenue Service has issued proposed new Treasury regulations that would permit a system of phased retirement.

Under a plan of phased retirement, workers approaching retirement age, instead of being faced with a choice of continuing to work full-time or ending employment in order to begin collecting a pension, would have an additional option of working part-time and collection a partial pension.

According to current census data, in the next 30 years, the percent of the U.S. population made up of individuals age 65 and over is expected to increase from 19.4 percent to 30 percent. The number of people in that age group is expected to more than double, from 36,696,000 in 2005...

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