👉 Pension fluidity refers to the flexibility within a pension system that allows for adjustments in the timing and amount of retirement benefits, typically based on factors such as age, health status, or life expectancy. This concept aims to provide more personalized and equitable retirement income by accommodating individual circumstances, rather than adhering strictly to a one-size-fits-all approach. For instance, individuals may choose to receive their pension earlier or later in life, or they might opt for a lump sum payment instead of regular installments. This fluidity helps ensure that retirees maintain a desired standard of living while also allowing employers and pension providers to manage risks more effectively.
