Pension question

[funnygirl]

All staff where I work, including me, have just been informed that the private company pension we are in, is no longer from the 1st July.

We will each get a letter stating how much we've accrued over the years.

But the crunch is we still cannot get this money until we retire, is this right??

[dzug2]

Correct.

You may be able to transfer it to another scheme

[factor-fiction]

Whether the scheme continued or not, you cannot take money out of a pension until you are eligible to take retirement benefits. The minimum age is 55 now.