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Rehearsal retirement allowed retail potential retirees to try out retirement by taking an unpaid leave of absence of up to six months. retail The employee was eligible to return to work after the leave, and approximately 50 percent of participants exercised that option. Tapering-off schedules were designed to allow a gradual transition to retirement. The employee's number of work hours per day, days per retail week, or weeks per month were reduced for as long as three to five years. Employees who elected a tapering-off schedule were pair for the hours they worked, and they continued to receive full medical insurance and prorated pension credits. "New Opportunities for Older Workers", Committee for Economic Development, Washington, D.C. Texas Instruments Inc., Dallas, TX At Texas Instruments Inc. in Dallas, Clydell Clark is back at work on a contract basis after having retired in 1991. Clark, now 61, and her husband took early retirement after 32 years with the company in order to lock in health benefits during the precarious economy of the early '90s, she said.
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