| BUSINESSWEEK ONLINE : SEPTEMBER 20, 1999 ISSUE | ||||||||
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| COVER STORY
Flexible Retirement, Inflexible Rules While government and corporate restrictions are loosening, older workers still face obstacles when it comes to collecting retirement benefits. Set it up wrong, and your pension could be at risk QUIT FIRST To avoid having your company run afoul of labor laws--and your new flex job jeopardized--make sure you formally end full-time employment, especially if you're below retirement age. The new job must be different enough to avoid the perception that your employer is trying to duck paying benefits. KNOW YOUR RETIREMENT PLAN Some plans offer a lump-sum distribution on retirement and allow you to come back to work without limitation. Other plans, however, may suspend payments if you work more than 40 hours a month. DON'T COUNT ON A FULL PENSION If you take a part-time transition job as a lead-in to retirement, your pension may not kick in. And your monthly Social Security check could shrink if you're under age 65 and earn more than $9,600 or are between 65 and 69 and earn more than $15,500. DATA: PRICEWATERHOUSECOOPERS, BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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 RELATED ITEMS Brain Drain COVER IMAGE CHART: As the Country Gets Grayer... CHART: ...And the Workplace Ages... CHART: ...The Talent Shortage Gets Worse TABLE: Facing the Crunch TABLE: Aging Workers: Suddenly a Hot Topic TABLE: Flexible Retirement, Inflexible Rules It Ain't Over When It's Over ONLINE ORIGINAL: Retirement Funds for Those Too Busy to Plan ONLINE SURVEY RESULTS: What Are Your Post-Retirement Plans? INTERACT E-Mail to Business Week Online | |||
