3.7.2.3. Contents

In order to qualify for part-time early retirement pay the person must be between 60 and 66 years of age and must satisfy the conditions for joining the ordinary voluntary early retirement pay scheme.

The employee concerned must substantiate that the working time has been reduced by at least 1/4, however, to not less than 12 hours per week on average.

Self-employed persons must substantiate that their working time as self-employed has been reduced to 18½ hour per week.

Part-time early retirement pay is paid at a fixed rate of about 58 DKK for each hour by which the working time is reduced.

3.7.2.4. Financial resources

The part-time voluntary early retirement pay scheme is financed in the same way as the ordinary early retirement pay scheme

3.7.2.5. Institutional support

It is the unemployment insurance funds which administer the scheme and pay out part-time early retirement pay (like the ordinary early retirement pay scheme)

3.7.2.6. Duration

Part-time early retirement pay may be received by persons in the age group 60 to 66 years

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