It depends if it's a compulsory early retirement or voluntary.
Isn't there a selection risk in offering enhanced voluntary early retirement? (e.g. I know I am a poor employee, probably about to be demoted or fired, so i take early enhanced retirement!)
Also it depends on how you do your valuations. It's perfectly easy to include early retirements so no surplus is generated.
Last edited by a moderator: Sep 20, 2007