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-   -   retirement plan (https://www.pprune.org/fragrant-harbour/399083-retirement-plan.html)

kesskidi 15th December 2009 21:30

retirement plan
 
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 December 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?


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