Can employer refuse retirement?

atw_uss

Quick question … I’m not in this situation, but curious and trying to get facts straight.

Can an employer refuse a request to retire once you reach 55 and this is noted as the earliest permissible retirement late (apart from earlier on ill health grounds)? As you’ll see from my username, I’m in USS and I can’t see anything on their website. It’s not clear on my institution’s website either. I appreciate that appropriate notice would need to be given though.

SMcGill

Your employer has no say in when you decide to stop work, whether you plan to retire or go to another job.

Or do you mean you want to stay at work but start receiving your pension? In which case USS provide info here:

https://www.uss.co.uk/for-members/thinking-about-your-future/understanding-your-options/your-options-at-different-ages-and-stages

I hope that helps.

molerat

You can fully retire at 55, the employer has no say.

You can flexibly retire, draw pension and carry on working, if the employer agrees.

atw_uss

Thank you both, that is really reassuring to know. Like I said, I’m not actually in that situation (thankfully/yet), but useful to know should I decide to retire soon!

Thrugelmir

Retirement is just another form of resignation as far as your employer is concerned. 

toolateforsums

Although unlikely , a DB pension could prevent taking your pension before an age specified in the trust deeds and rules. Normally early retirement is actuarily reduced though to take account of early retirement.But , it could happen!

A dc scheme is yours to access from whatever age from (currently) 55 and up

NoMore

toolateforsums said:

Although unlikely , a DB pension could prevent taking your pension before an age specified in the trust deeds and rules. Normally early retirement is actuarily reduced though to take account of early retirement.But , it could happen!

A dc scheme is yours to access from whatever age from (currently) 55 and up

Yes my DB pension says 'subject to trustees agreement' for retiring before scheme normal pension age, but as far as I'm aware they have always agreed to the actuarial reductions and never stopped anybody taking it earlier

molerat

NoMore said:

toolateforsums said:

Although unlikely , a DB pension could prevent taking your pension before an age specified in the trust deeds and rules. Normally early retirement is actuarily reduced though to take account of early retirement.But , it could happen!

A dc scheme is yours to access from whatever age from (currently) 55 and up

Yes my DB pension says 'subject to trustees agreement' for retiring before scheme normal pension age, but as far as I'm aware they have always agreed to the actuarial reductions and never stopped anybody taking it earlier

This thread is about a specific scheme so generalisations are of no relevance, the right to retire at 55  is contractual.

p00hsticks

molerat said:

NoMore said:

toolateforsums said:

Although unlikely , a DB pension could prevent taking your pension before an age specified in the trust deeds and rules. Normally early retirement is actuarily reduced though to take account of early retirement.But , it could happen!

A dc scheme is yours to access from whatever age from (currently) 55 and up

Yes my DB pension says 'subject to trustees agreement' for retiring before scheme normal pension age, but as far as I'm aware they have always agreed to the actuarial reductions and never stopped anybody taking it earlier

This thread is about a specific scheme so generalisations are of no relevance, the right to retire at 55  is contractual.

There are really two separate questions here

The OP seems to have asked  'can my employer stop me from retiring' - to which the answer is no - as Thrugelmir says, is simply a case of resigning from your job when you;ve had enough, whatever age you are.

What I expect the OP actually meant to ask was ' can my employer stop me from taking my pension earlier than the Normal Retirment Age' which, as you say. will be dependent on the ruels for the specific scheme

NoMore

molerat said:

NoMore said:

toolateforsums said:

Although unlikely , a DB pension could prevent taking your pension before an age specified in the trust deeds and rules. Normally early retirement is actuarily reduced though to take account of early retirement.But , it could happen!

A dc scheme is yours to access from whatever age from (currently) 55 and up

Yes my DB pension says 'subject to trustees agreement' for retiring before scheme normal pension age, but as far as I'm aware they have always agreed to the actuarial reductions and never stopped anybody taking it earlier

This thread is about a specific scheme so generalisations are of no relevance, the right to retire at 55  is contractual.

Since when does any thread stay completely on topic, I was responding to toolateforsums. Are you going to police every single thread and when somebody says something not quite on topic, scold them as well?

sheslookinhot

NoMore said:

molerat said:

NoMore said:

toolateforsums said:

Although unlikely , a DB pension could prevent taking your pension before an age specified in the trust deeds and rules. Normally early retirement is actuarily reduced though to take account of early retirement.But , it could happen!

A dc scheme is yours to access from whatever age from (currently) 55 and up

Yes my DB pension says 'subject to trustees agreement' for retiring before scheme normal pension age, but as far as I'm aware they have always agreed to the actuarial reductions and never stopped anybody taking it earlier

This thread is about a specific scheme so generalisations are of no relevance, the right to retire at 55  is contractual.

Since when does any thread stay completely on topic, I was responding to toolateforsums. Are you going to police every single thread and when somebody says something not quite on topic, scold them as well?

Some people can be helpful, at times, but can also have too much time on their hands. Maybe they spend too much time on the internet.