Early-Retirement Benefits

(redirected from Early-Retirement Benefit)

Early-Retirement Benefits

The benefits from a pension or government program one receives after early retirement. Most pensions and government programs pay benefits based on how much an individual contributes to the system during his/her working life. That is, people who work longer (and/or earn more) contribute more than those who do not. As a result, early-retirement benefits are usually less than benefits for those who retire at full age.
References in periodicals archive ?
The two bills would require additional advanced disclosure of significant reductions in future benefit accruals, including reduction in early-retirement benefit accruals, and would impose an excise tax of $100 per day per failure up to a $500,000 maximum.
The final type of early-retirement benefit consists of a benefit which is set below the normal pension.
Other countries have increased benefit periods for older workers without turning them into early-retirement benefits.
Lufthansa cabin crew workers have been on strike sinceAaAaAeAeAaAeAeA FridayAaAaAeAe early-retirement benefits and pensions.
In Beckmann it held that early-retirement benefits paid on redundancy to those under the normal retirement age aren't old-age benefits under the exemption.
Government expenditure on old-age pensions (the state pension paid to those who have reached the statutory retirement age) exceeded all other kinds of pension expenditure, such as early-retirement benefits and partial pensions.
10) Also, the tightening of the disability system in Norway went hand in hand with an easing of entitlement conditions for special early-retirement benefits, and substitution between the two schemes appears to have taken place.
The walkout comes after Lufthansa and the union failed to reach an agreement in a long-running row over early-retirement benefits and pensions.