Glossary

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  • Flexible retirement

    means giving workers more choice in their retirement decisions. This may include modifying incentives to retire later, or by allowing workers to receive a part of their pension benefits while continuing to work at reduced hours. (Source)

  • Flexible work

    enables both individual and organisation needs to be met through making changes to the time (when), location (where) and manner (how) in which an employee works. (Source)

  • Functional age
    refers to a person’s functional fitness level, compared to others of his/her same and sex.