Can I trade a higher retirement age for a four-day workweek?

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Since it is inevitable that younger Canadians will begrudgingly need to accept a later retirement age, let’s expect them to do this only in return for employment norms that adapt to dual-income homes

. This would require tinkering with the definition of full-time work, as signalled by experimentation with four-day workweeks.

Governments could implement such a plan by adjusting overtime and EI premiums paid by employers to make it less costly to use employees for a maximum of 35 hours a week and more costly for any hours beyond that. Some Canadian employees may trade a bit of after-tax income in order to gain four weeks of free time each year. In negotiations with their employers, this time could be taken in chunks of additional vacation days or as a reduction in weekly hours throughout the year.

 

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