What are the different types of retirement?
A. Ill health: where you are no longer fit enough to continue teaching. Premature: where you are aged 50 or over and your employer releases you on grounds of redundancy or in the interests of the employer’s functions. Actuarially Reduced Benefits (ARB): where you leave pensionable employment, choose to take all of your retirement benefits actuarially reduced and you are aged 55 or over but under NPA. Phased retirement: where you are aged 55 or over and choose to take part of your retirement benefits and remain in employment in a reduced capacity e.g. by going part time. These benefits will be actuarially reduced if you are under NPA. Age: benefits taken at NPA or later.
