Older workers face many obstacles to working after age 65. This situation is causing significant problems for the social security system. In light of previous findings that many older workers prefer part-time employment, an intensive study was conducted of the policies of one company and its employees' attitudes. Participants expected to retire at 64 or 65 but the preferred retirement age was 62. Only 8 percent expected to retire because of poor health. Early retirement was of interest to the employees primarily because of the opportunity to pursue leisure activities. More than half reported that the economy affected retirement plans and two-thirds reported a preference for part-time work as a transition toward retirement. Older workers were interested in improving their pension benefits during retirement in contrast to earning higher salaries or improved fringe benefits while working. The results suggest a need to reassess the value and productivity of older workers. (JAC)