Part-time pension If you wish you may, by arrangement with your employing company, take a part-time pension at any time as from the age of 55. You remain in normal Company service during the remaining working hours, in which case you work part-time. Because you work shorter hours, your salary income will be reduced. You can offset this income loss by having part of your pension paid out prior to your full retirement. The portion of your pension to be paid prematurely will be reduced because it enters into effect earlier. |
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If you wish to take a part-time pension, your working hours may only be reduced to 80 per cent, 60 per cent or 50 per cent.
A special form is available to apply for a part-time pension.
You can find more information about a part-time pension, including some examples, on this site under 'pension choices'.
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