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Jargon Buster

Actuarially Reduced Early Retirement

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When you retire (claim your pension) early, before the Scheme’s Normal Pension Age, you must be over the Scheme’s Minimum Pension Age, also known as Early Retirement (except Ill Health Retirement) and by its initials, ARER

Image shgowing an age timeline of different types of retirement age for each scheme
Retirement Ages NPA MPA – Protected MPA for 2105 is 55

Actuarially Reduced Early Retirement | Pengage

Also known as Early Retirement











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