A person who leaves early, especially a person who abandons a pension plan before the expected date.
Example sentencesExamples
- There are a large number of defined benefit scheme early leavers currently in retirement with frozen benefits and whose income is being eroded by inflation.
- In my judgment early leavers… or other members of the Scheme, are not in the position of bona fide purchasers.
- The preserved pension for early leavers was, as in the 1989 Rules, dealt with in Rule 8.4.
- It proposes - for the first time - that minimum levels of pension increase and interest be added to contributions for early leavers.
- The plan includes improved vesting and value of benefits for early leavers by reducing the qualifying period from five to two years.
- The schedule deals with the revaluation of pensions of early leavers, that is persons whose pensionable service terminates before normal pension age.
- Subsequent sub-paragraphs set out comparable limits for late and early leavers but it is unnecessary to refer to their details.