Employees see little use in retraining, job shifting or salary reduction in order to work longer at the end of their career. They prefer to work less, or to stop work earlier, according to research conducted by Wijzer, involving over a thousand working employees between 55 and 67 years.
About 65% of respondents are willing to take a step back to the end of their career when it comes to the nature of the work. But if this is accompanied by a lower salary, only a quarter of the respondents are prepared for this.
In addition, more men than women appear to accept the financial consequences of such a step. The highly educated also appear to be more likely to love the financial consequences than employees with middle or lower education.
Rather stop
Two out of three older workers want to stop working earlier. On average, they prefer to say goodbye to the office three years and a month before the retirement age. However, 57% of this group can only expect to retire on reaching the age of AOW (the National Old Age Pensions Act).
From the group who want to stop earlier, more than half (54%) have taken certain measures: savings (32%), additional mortgage repayment (19%) and termination of supplementary annuity or savings (19%) are the most commonly mentioned.
Work less
More than half of respondents (56%) want to work less in retirement. On average, they want to reduce the number of hours in the last 4.5 years to the age of AOW.
From the group who want to work less, almost two-fifths plan to use the part-time pension. In that case, employees will already receive part of the pension for retirement age. This must make it financially viable to work fewer hours. It is at the expense of the amount paid after full retirement.
Informed
Only two-fifths of the participants in the survey were well aware of the possibilities of part-time pension. More than a quarter of older workers expect to use part-time pensions if they have the opportunity to do so. One third of respondents do not exclude it.
In addition, 42% do not think as such. In this group, they mention large financial consequences, too little accrued pension, or still likely to continue work as reasons for not using part-time pension.
By the way, 18% of respondents also want to work through the AOW age. This is mainly because of pleasure at work (62%), and the desire to remain active (60%).
Talking
Although more than half of the employees find their own work physically or mentally stressful, only 23% spoke to the employer about the performance of the job and its own employability.
The respondents who experienced the work as physically stressful have taken relatively few measures to allow work through to retirement age.
"It seems that it is more difficult for them to work less or to stop working, so those who want this can only expect retirement relatively close to the AOW age," says Wijzer.
Older employees and women are also relatively less well-prepared for working up to the AOW age. Men appear to have taken more financial measures more often, and are therefore more open to adjusting their duties, and to discuss the topic more frequently with others (instead of their partners).
Translated by Asta Kerkhoven
Source:
https://www.nu.nl/pensioen/4985081/weinig-werknemers-willen-eind-carriere-omscholen-of-van-baan-wisselen.html