Compromise Agreements Solicitors & Lawyers » Early Retirement

Employment Lawyers, Voluntary Severance

admin — Tue, 13 Jul 2010 23:19:52 +0000

If an employee agrees to take voluntary severance, the employee may have a 3 – 6 month’s notice period. The employee’s employment would end at the end of the notice period (‘the Termination Date’) by mutual agreement. It is usual practice to place the employee on garden leave up to and including the Termination Date.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

© RT COOPERS, 2010. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.

Early Retirement – Pension Rights – Compromise Agreements

admin — Fri, 21 Aug 2009 04:31:33 +0000

You may be considering early retirement or you have already made the decision to retire early. Your employer may ask you to sign a compromise agreement. As explained in previous entries on pension rights and compromise agreements, the amount of pension you will receive and other terms pertaining to your pension will not included in your compromise agreement.

What is important, however, is ensuring that you are happy with the terms of your pension before you sign your compromise agreement. Now this may not always be possible. But speak with your pension provider at least before signing the compromise agreement. As explained in previous entries, there will only be e mention of your pension in this agreement.

At RT Coopers, we do our best to ensure that you are happy with your pension terms before we get you to sign off on your compromise agreement. This is not always possible, but it is worth a try.