- Normal Retirement Age - NRA
- The age at which people can receive full benefits upon leaving the work force. In the United States, for example, the normal retirement age for receiving full social security benefits is 67 years of age for persons born in 1960 or later. Birth years prior to 1960 have various normal retirement age requirements. Retirement prior to the normal retirement age reduces benefits, and retirement after the NRA increases benefits.
Normal retirement age also applies to pension plans such as employer sponsored plans. The Internal Revenue Service (IRS) identifies normal retirement age for minimum vesting purposes as the earlier of the normal retirement age as specified under the plan, or the later of age 65 or the fifth anniversary of the beginning of plan participation. Normal retirement age throughout the world typically falls between 60 and 67 years old. Public servants, police officers and military members, for example, typically receive full benefits after a certain number of service years, rather than a specific age.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
normal retirement age — The age at which an employee holding a particular position normally retires in an organisation. The normal retirement age is ascertained from the reasonable expectation of the group of employees holding the same position as the individual. If… … Law dictionary
normal retirement age — The age at which an individual is expected to retire. At present this is normally 65 for a man and 60 for a woman in the UK. It is at these ages that state pensions begin. However, other policies can nominate other pre agreed dates, which HM… … Big dictionary of business and management
normal retirement — The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. Bloomberg Financial Dictionary … Financial and business terms
contractual retirement age — The age at which employees are obliged to retire under any relevant terms of a contract of employment. Where a pool of employees has the same retirement age it will also usually be the normal retirement age. Related links contract of employment … Law dictionary
Retirement plans in the United States — A retirement plan is an arrangement to provide people with an income, possibly a pension, during retirement, when they are no longer earning a steady income from employment, or an asset from which a person may draw an income from as needed. There … Wikipedia
age — age1 W1S1 [eıdʒ] n ▬▬▬▬▬▬▬ 1¦(how old)¦ 2¦(legal age)¦ 3¦(period of life)¦ 4¦(being old)¦ 5¦(period of history)¦ 6 ages 7 come of age ▬▬▬▬▬▬▬ [Date: 1200 1300; : Old French; Origin: aage, from Vulgar Latin aetaticum … Dictionary of contemporary English
Retirement Insurance Benefits — (abbreviated RIB [ [http://www.ssa.gov/glossary.htm#R http://www.ssa.gov/glossary.htm#R] ] ) or Old age Insurance Benefits [ [http://www.ssa.gov/OP Home/ssact/title02/0202.htm Social Security Act Title II § 202] ] are a form of social insurance… … Wikipedia
retirement — Removal from circulation of stock or bonds that have been reacquired or redeemed. Bloomberg Financial Dictionary * * * retirement re‧tire‧ment [rɪˈtaɪəmənt ǁ ˈtaɪr ] noun 1. [uncountable] the act of leaving a job because you have reached the end… … Financial and business terms
normal minimum pension age — Introduced by the Finance Act 2004, normal minimum pension age is the youngest age at which a member of a registered pension scheme can ordinarily expect to take his benefits. It is defined in section 279(1) of the Finance Act 2004 as age 50… … Law dictionary
Age of Fire — Cover from Dragon Champion Dragon Champion Dragon Avenger Dragon Outcast Dragon Strike Dragon Rule (one more planned) Author … Wikipedia
Age Discrimination in Employment Act — The Age Discrimination in Employment Act of 1967, Pub. L. No. 90 202, 81 Stat. 602 (Dec. 15, 1967), codified as Chapter 14 of Title 29 of the United States Code, usc|29|621 through usc|29|634 (ADEA), prohibits employment discrimination against… … Wikipedia