Sentences with phrase «generous early retirement benefits»
Many employer pensions have generous early retirement benefits with a «bridge benefit,» in which case your total monthly payout is actually higher before age 65 than after.
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One of the reasons why the present generations are less secure than prior generations with respect retirement is that the forebears who originally set up defined - benefit pensions and Social Security system set up in such a way that they gave benefits that were too generous to early participants, defrauding those who would come later.