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The time now is 05/14/10 - 05:10

Payouts for early retirement?


RealCool.BIZ Forum Index -> Finance -> Retirement Planning & Pensions

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carr
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Joined: 14 Oct 2005
Posts: 5



PostPosted: 01/13/10 - 06:53    Post subject: Reply with quote

My father is very ill and he will have to go in early retirement. I know that he have state pension, but I don’t think it’s enough to cover hospital bills. My father mentioned that he also has a private pension, but he didn’t get the pension age. Do you know for payments form pension for people who are retire early because of illness.
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thornton
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Joined: 08 Sep 2008
Posts: 4



PostPosted: 02/11/10 - 23:46    Post subject: Reply with quote

An early leaver from an occupational or private pension scheme is an employee who leaves service, other that retirement, death or disability, whether is at the request of the employer or because the individual wishes to leave work for another employer. Early leavers are protected in the way that employee remains entitled to the benefits secured by the company contributions. These benefit may be maintained in scheme and drown in retirement, or it may be possible to transfer the value to another pension scheme. In case of your father there are benefits also, he can drown pension funds as he is no longer capable for job to cover hospital bills and drugs.
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