Bridging pension | Practical Law

Bridging pension | Practical Law

Bridging pension

Bridging pension

Practical Law UK Glossary 9-376-0210 (Approx. 4 pages)

Glossary

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.