Retirement dilemma

exil

D1zzy wrote: »

"if you choose to leave work before your normal retirement date (NRD), then there is usually a penalty - can be 4% less for each year"
- unless you're a banker in which case they top up your pension pot!

to be fair most final salary schemes allow you to take a full pension at 50/55 if asked to walk the plank - usually phrased as "retired at the request of the employer" precisely to allow employers to pay someone to go quietly

however even if he'd resigned or been sacked he'd still be entitled to 400k....

it's the fantastic salaries these people "earn" that's the real issue - it's only now we as taxpayers are having to pay them that we realise what's going on - though we always have had to pay them via bank charges etc