I think there is a real economic crisis looming for people reaching retirement age who wish to (or need to) reduce the number of hours they work for health or spiritual reasons. Work in the technology sector has not been re-organized by IT leaders or HR departments to allow for people to work part time. As an independent contractor, I have found that unless I am ready to commit 40 or more hours / week to a project, my skills are irrelevant and no consideration is given. My pay rate has just dropped by 80% or more.