Due to financial and demographic reasons, many countries are trying to increase the actual retirement age. Pension reforms are taking place in countries such as France, Greece and the UK. Norway has recently introduced a new pension reform from January 1st 2011 to encourage longer work life careers. These reforms may lead to a variety of options on life/work balance choices at the later stages of working life. Based on earlier studies, the article illustrate the identification of a three overlapping phases of good managerial practices and worker responses affecting the employment of older workers by developing an analytical model ("a three phase perspective on senior policies") of organisational orientations towards older workers. This paper focuses on a possible fourth phase at the end of the working career as well as the transition from work to retirement. The fourth phase consists of both an economic and a social link between employer and employee.
Keywords: Retirement, senior policy, age management, life-course, pension reforms