Which term describes a gradual reduction in work hours before retirement?

• A. Retirement
• B. Full Retirement
• C. Phased Retirement
• D. Unplanned Retirement

Answer: (C)

Phased retirement is a structured transition where a worker reduces hours or shifts to lighter duties as they near retirement. This approach lets someone ease out of full-time work, maintaining income and benefits for a period while gradually letting go of responsibilities. It also supports knowledge transfer to colleagues and minimizes the financial and emotional shock of stopping work suddenly.

This fits the scenario described because it specifically describes a gradual reduction before retirement. Retirement alone implies leaving work entirely, and unplanned retirement refers to an abrupt, unexpected exit, not a planned step-down.