multiple retirement ages

Popular Terms
The age at which an employee retires and receives benefits, either full or reduced. There are three types: normal, early, and deferred. Normal retirement is the normal time when an employee can retire and receive full benefits; early retirement constitutes the earliest time an employee can retire and receive reduced benefits with a penalty; deferred retirement is when an employee works beyond the age of normal retirement and hence can receive even better benefits.


Email Print Embed