The board of the SOHOR, the VUT Foundation of the hospitality sector, established the early retirement scheme at the end of 2009. This scheme applies to employees born in 1948 who wish to take advantage of the opportunity to retire early.
For a long time, it was unclear whether they could make use of the transitional early retirement scheme for the hospitality industry (SOHOR). As of 1 January 2005, a transitional scheme for early retirement in the hospitality sector was in place. It was agreed that it would be assessed whether there was financial capacity to allow employees born in 1948 to retire early. This capacity is now available, and employees in the hospitality sector, born in 1948, can retire fully or partially at 62 and apply for a SOHOR benefit.
Conditions
According to the scheme established by the SOHOR board, the following conditions apply to a SOHOR 1948 benefit:
• The employee has reached the age of 62 or will reach it in 2010;
• The employee has been continuously employed for at least 15 years by a hospitality employer who has paid contributions to the SOHOR;
• The employee works in the hospitality sector for an employer who pays contributions to the SOHOR until the SOHOR benefit commences;
• The benefit is applied for before 1 July 2010 with the SOHOR.
Amount of benefit
A full transitional benefit amounts to approximately 75% of the average gross salary earned from 1993 to 2009, increased by the indexations applied by the Pension Fund during that period. The amount of the transitional benefit cannot be directly linked to your Updates salary.
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