Refers to a work arrangement designed to bridge the transition to fulltime retirement. Flextirement is characterized by reduced workloads (typically 10, 20, or 30 hours per week), flexible hours, and a phased approach to retirement. Flextirement offers employers a cost-effective way to attract experienced employees and retain them and their institutional knowledge. It offers workers (flextirees) the flexibility to adjust to an income shift and explore the preparation to full retirement.