How to retire early?

Kinda related, many employment contracts have 65 as the retirement age. Can you retirement from employment before this easily enough?

For example in my case, I'd get certain benefits if I retire rather than resign and there no way I can make it to 65 unless I literally had no other option.

DC Pension in my case so I assume options the same for this regardless of whether I resign or retire

Thanks in advance
 
@Cameo
So if you look at your pension scheme annual report/statement you should be able to see 2 key figures. One is pension at expected retirement date (65th birthday) and there’s another figure which is the pension you’d get at that age if you stopped contributing now.

As you get nearer 65 the gap narrows. My current gap is about 16%, that’s end 2023 figures I don’t have end 2024 yet. I should have it soon. I’m 62.

Also I can’t collect early unless the company agrees. They’d have to pay up the missing contributions and also the extra 3 years.

This was explained to me a couple of years ago by the administrators.

What I don’t know is if I could fund the difference myself. I’m pretty sure I am not allowed to.

I can resign of course but the pension isn’t accessible

That’s our scheme and I’m told it’s pretty standard
 
Annieindublin said:
So if you look at your pension scheme annual report/statement you should be able to see 2 key figures. One is pension at expected retirement date (65th birthday) and there’s another figure which is the pension you’d get at that age if you stopped contributing now.
Click to expand...
Is that for a defined benefit pension?
@Cameo's is a defined contribution pension.
 
Annieindublin said:
Also I can’t collect early unless the company agrees. They’d have to pay up the missing contributions and also the extra 3 years.

What I don’t know is if I could fund the difference myself. I’m pretty sure I am not allowed to.

I can resign of course but the pension isn’t accessible

That’s our scheme and I’m told it’s pretty standard
Click to expand...
Is this a DB scheme?
 
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