Early Retirement
Early Retirement The term “early retirement” is widely used in the workplace as it is one of the most common methods by which many employers terminate their employees’ employment contracts. Early retirement offers employers a means by which they are able to propose to certain employees to retire earlier than the company’s work regulations stipulate. Early retirement programs are often utilized to meet employers’ needs, such as cutting labor expenses or the reorganization of a business in order to ensure its long term feasibility. In many cases, employees who have worked for a long time may be tired of their job but will remain in their position until official retirement age because they need severance pay or other benefits before they are willing to leave. The ‘early retirement’ option offers a mutually beneficial solution for both employers and employees […]