Early retirement - Definition

A retirement plan provision which allows an employee to retire before the firm's official retirement age. Many government employees Exercise this Option to take benefit of their pension while working at another place. They benefit from dual income and in some cases also from a favourable taxation. However, an early retirement is likely to reduce some benefits than if the employee had waited until the official retirement age.

Terms near "Early retirement"

Early settlement
Early withdrawal
Early withdrawal penalty
Earned benefit
Earned income
Earned income tax credit
Earned premium
Earned surplus
Earnest money
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