My OH works in the financial sector.
He is in his late 50's and is hoping to last in the job until 65. However, he says that rumour has it within the organisation he works for that his age group could be pensioned off without reaching the pension age. There are about 200 of 55+ in employment there. Ideally, he would prefer to work to max age. No lump sum would apply(only if you reach pension age where you could take it and then draw the rest of pension).
Is this a possibility? I am not very well up on these pension rights!
He is in his late 50's and is hoping to last in the job until 65. However, he says that rumour has it within the organisation he works for that his age group could be pensioned off without reaching the pension age. There are about 200 of 55+ in employment there. Ideally, he would prefer to work to max age. No lump sum would apply(only if you reach pension age where you could take it and then draw the rest of pension).
Is this a possibility? I am not very well up on these pension rights!