I haven't tried this personally but my company has a relevant policy and I've considered it from time to time.
The employee handbook lays out opportunity to take x% of your current hours for x% of your current pay. If you'd be happy working 4x8s and 80% salary + 80% bonus works for you? As long as your manager doesn't object, go for it.
I think this is a great benefit to offer. Abstractly, I imagine that the system means that once you hit an income threshold you're happy with, a 10% raise immediately gets converted into 10% less hours per week. You never retire, just get asymptotically close to doing so.
The employee handbook lays out opportunity to take x% of your current hours for x% of your current pay. If you'd be happy working 4x8s and 80% salary + 80% bonus works for you? As long as your manager doesn't object, go for it.
I think this is a great benefit to offer. Abstractly, I imagine that the system means that once you hit an income threshold you're happy with, a 10% raise immediately gets converted into 10% less hours per week. You never retire, just get asymptotically close to doing so.