Phased Retirement Largely Ignored Despite Flood of Retirees

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Five years ago, top management at Herman Miller realized its workforce wasn’t getting any younger. 

The Zeeland, Michigan-based office furniture company had a significant number of baby boomers and saw the potential for its talent to walk out the door at the same time.

“We needed to create a process that benefited both sides of the equation,” said Tony Cortese, Herman Miller’s senior vice president of people services.

In response, it rolled out a flexible retirement program. Workers who are 60 or older with at least five years of service under their belts are eligible. The flexible retirement participant works

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