bridging pension

bridging pension
A supplementary pension paid by an occupational pension scheme to a member who retires and starts drawing a scheme pension before reaching state pension age. Bridging pensions are designed to ensure that members receive a regular income from the date they retire. When the member reaches state pension age, their pension is reduced by the amount of the state pension.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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