Re:Volkswagen plans 30K job cuts worldwide
by walshemj on Friday November 18, 2016 @06:43PM
(#12990963)
Well id need to see the schemes rules but certainly in the UK you can take a pension now and work - or you can defer it and take it later.
Typically you would defer and work at the new job 90% of the people who built out the uk's mobile network did this.
They took redundancy from the GPO /BT got a huge pay off (3 years salary tax free) and 6 extra years on the pension and then worked for the competition.
And a pension is deferred pay not some grace and favour hand out from a feudal lord. And for some DB schemas when you hit the max years it makes sense to take redundancy as you cant build up any more pension.
Typically you would defer and work at the new job 90% of the people who built out the uk's mobile network did this.
They took redundancy from the GPO /BT got a huge pay off (3 years salary tax free) and 6 extra years on the pension and then worked for the competition.
And a pension is deferred pay not some grace and favour hand out from a feudal lord. And for some DB schemas when you hit the max years it makes sense to take redundancy as you cant build up any more pension.