Medical

Flexible Retirement

Flexible Retirement

A national scheme in the UK which provides NHS staff with a range of early-retirement and partial-retirement options. Increased flexibility in retirement is important to employers due to several factors: employees are living longer and staying healthier longer; pension provisions have changed; demographic changes (fewer younger workers and more older workers); and work-force availability.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
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References in periodicals archive
If you're considering working post retirement, there may be secrets lurking in the small print of pension and employment rules that can make flexible retirement far more rewarding.
If you're considering working post retirement, there may be some secrets lurking in the small print of pension and employment rules that can make flexible retirement far more rewarding.
Or you could potentially take flexible retirement options where you can control the level of income you receive or possibly take it all out at once.
It is a remarkable statement that we remain united in the belief that the voluntary, flexible retirement system offers our employees-our greatest asset-the best chance to live their retirement dreams.
Most of the big life players have recruited heavily both to resource these change programmes and to man their contact centres for the upsurge in flexible retirement activity, but they are still unsure exactly what is going to happen and what contact volume to expect."
* Individual savings policies and group savings policies are two kinds of private benefit plans that are available in the country, whose purpose is to provide simple retirement plans with accumulated investment earnings, vesting and flexible retirement options
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