What does DOR stand for?

Seriously though, seven years ago we put this plan into action as there was a deferred comp plan with a pension that called for a date of retirement and the end of 2009 was the date.

The employee has the right to request to work beyond the intended date of retirement following which the employer must hold a meeting with them and notify the employee of its decision in writing - although employers are not obliged to provide the employee with their reasons for rejecting such a request, but the right of appeal against the decision must be provided.

Highlights are as follows: Benefits Eligible For This New Procedure: The lump sum payment must represent missed pension payments that otherwise should have been paid as of the member's date of retirement under the plan.

Johnson will, with the likely date of retirement already set.

But Tim Smith, partner in Ward Hadaway's employment unit, said even if the ECJ rules in favour of the NCA, it was unlikely small firms would be hit by backdated claims as they would usually have to be filed within three months of the date of retirement.

Nobody expects you to give an exact date of retirement, but it can be helpful to have a goal or an idea in your head.

The best way to help you start making your retirement planning is to consult your "employer-sponsored 401(k) or IRA," or to any of your retirement schemes and investigate on the objective date of your mutual funds and see if it matches your target date of retirement.

And the funds don't reflect an individual's risk appetite -- just the planned date of retirement.