The current system and where to start
Standard retirement age, minimum contribution periods, eligibility requirements and the basics of how pensions are calculated.
Retiring, or managing the retirement of a key person in your organisation, involves more than checking an age and submitting a pension claim. In this session, we will look at how to assess each situation, the alternatives available and the potential impact of retiring early, deferring retirement or drawing a pension while continuing to work.
This session focuses on decision-making and goes beyond the regulations. We will combine a practical retirement assessment with employment law and legal perspectives to understand when early retirement, deferred retirement or combining work with a pension may be appropriate, and how to incorporate these decisions into business planning.
Standard retirement age, minimum contribution periods, eligibility requirements and the basics of how pensions are calculated.
Standard, early, deferred and active retirement, as well as other relevant options, including partial or flexible retirement where applicable.
How to estimate your pension, review your employment history and contribution bases, and understand the reduction factors and penalties associated with early retirement.
What to review, when might be the best time to retire, which procedures to prepare for and which mistakes to avoid before making a decision that is difficult to reverse.
Managing employees approaching retirement age, continuity of employment, workforce planning and succession.
Key developments in active, early and deferred retirement, incentives to extend working life and employment matters that may create risks or lead to litigation.