Do You Have to Retire Before Getting a Pension?


Quick Answer

Pension benefits do not begin until a person retires from the position that grants the benefits, according to FindLaw. By definition, a pension is money that a person receives after retiring. However, it is possible to work beyond retirement, even for the same company.

Continue Reading
Do You Have to Retire Before Getting a Pension?
Credit: gunnar3000 iStock / Getty Images Plus Getty Images

Full Answer

Retirees with pensions are free to accept full-time work from other companies. However, in order to work for the company that provides his pension, the retiree cannot take a full-time position with the company, notes FindLaw. He must work at that company as a contract employee or on a part-time basis. This provides the pensioner with supplemental income and allows the company to benefit from the pensioner's knowledge and familiarity with the company's culture.

Learn more about Financial Planning
Related Videos

Related Questions