In the case studies below, the pre-existing income streams or income streams that
commence are in retirement phase.
Not exact matches
These eligible employees
are subject to the provisions of paragraph (b) and may elect to participate
in the optional
retirement program
in the same manner as those employees described
in paragraph (b), except that the 90 - day election period
commences upon the date notice of eligibility
is received by the employee and participation
in the program begins the first day of the first full calendar month that the change
in status becomes effective.
With respect to any employee who
is eligible to participate
in the optional
retirement program by reason of qualifying employment
commencing before the program's activation:
To determine what
was safe would require a different sort of analysis, one that focused on what
was known at the time the hypothetical
retirements began, not on the returns sequences that played out
in the real world but which we learned of only after the
retirements commenced.
The TRIS
is in the
retirement phase on 15 July 2019 (the time of notifying the superannuation provider of his
retirement) and Raj
commences to have a transfer balance account on 15 July 2019.
Start the transition before the client realizes you
are doing so: When you know the relationship partner's plans for
retirement,
commence the transition process at least a year or two
in advance, selecting the replacement.