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.
In some cases such extension has defacto turned UI benefits into early-retirement benefits, as search and work-availability requirements were often weakened as well.
Lufthansa cabin crew workers have been on strike sinceAaAaAeAeAaAeAeA FridayAaAaAeAe early-retirement benefits
It is currently 66, with reduced early-retirement benefits
payable at age 62.
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.
For example, the tightening of the disability system in the Netherlands coincided with an increase in claimants of unemployment and other social welfare benefits, and this might be particularly relevant for older workers as they have benefits of long duration.(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