PDA

View Full Version : retirement plan


kesskidi
15th Dec 2009, 21:30
hi
i've seen that retirement is 55 @ cathay
how long do you have to work to benefit a full pension ?
Is there any project to make it 60 or 65 ?

thanks
K.

LongTimeInCX
15th Dec 2009, 21:42
Some people retire at 55, some can retire/die later:}.
There are a myriad of different contracts, with different conditions and payscales.
Pensions - you are likely to receive a lot of replies.
Simple answer - no pension
Provident fund is a different matter.
If one joined before 94, there is a defined benefit lump sum payout.
If a crew joined after 94, there is what I think best termed a variable input fund with an even great variable payout.
This latter option is at the mercy of the markets.
Clear as mud?