Early Retirement


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Early Retirement

Retirement before the normal age, which is generally between 55 and 65. Early retirement may occur because a person attains financial security for the remainder of his/her life before most of his/her peers. Unfortunately, it may also occur due to injury or inability to work in one's field. People in early retirement may qualify for pension or government benefits, but generally they are less than those who retire at full age.
References in periodicals archive ?
Early retirement incentives hardly exist in New York because strict laws govern teacher retirement, Domenech says.
Leaders in the employment sector believe that workforce in Pakistan does not want an early retirement, mainly for economic reasons.
The authority previously said that Mr Parker was contractually entitled to receive the employer's contribution to early retirement of PS298,371.
A new retirement reform is certainly needed but the process of early retirement can hardly be reversed.
Ensour said there is nothing called "early retirement" in the world.
"And unfortunately, according to the law, the department cannot refuse a request for early retirement to a public worker over 60," he said.
But early retirement remains a more attractive option than redundancies for Enel, in which the state holds a controlling 31 percent stake.
That represents around 90% of officers who were aged over 50 in November 2011, making them eligible to apply for early retirement.
In some cases, the retirees fortunately felt that they could afford early retirement along with the "negative" reasons cited.
The cost savings associated with the voluntary early retirement program are expected to begin in October 2012.
THE number of consultants taking voluntary early retirement has jumped 72% in one year - with dissatisfaction with the NHS largely to blame, according to doctors' leaders.
Ms Elwood, who took early retirement from her pounds 90,000-a-year post with an enhanced pounds 250,000 pension contributions, will claim she was also entitled to a five-figure redundancy pay-off because of restructuring.

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