Physicians changing retirement plans

September 10, 2011

Slightly more than half of physicians have changed their retirement plans since the recession began.

Slightly more than half of physicians have changed their retirement plans since the recession began, according to a new study by the staffing firm Jackson & Coker.

Of those who have changed their plans, 32% said they plan now to work locum tenens or part time, whereas 26% said they would keep up their current pace with their present employers. Nineteen percent said they would move to another permanent position in the same field, and 19% plan to leave medicine and try something new.

Among the entire survey population, including those who have not changed their retirement plans, 25% said they will pursue locum tenens work after retiring, 21% expect to continue at their current pace with their present employer, 16% will look for another permanent position in their field, and 14% will leave medicine and try something new.

Thirty percent of those surveyed said the downturn has not caused them to alter their retirement plans.