Some employers, hoping to encourage early retirement, offer their employees pre-retirement
leave payments which normally represent a percentage of the employee's regular pay.
Plans providing for such payments are generally based on:
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The employee having met a length of service requirement; or
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Payments being made for a limited time immediately prior to and up to the retirement
date; or
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The employee having stopped all work for the employer, is not on standby or subject-to-call,
and is not expected to return to work; or
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Benefits such as medical protection are continued, and amounts paid prior to normal
retirement are counted in determining the benefit amount.