Age 65 for both men and women (also see Rule of 85) but members whose age and membership, when combined, total 85 or more can retire at any time from age 60 without actuarial reduction.
401 Plans: The earlier of the time a participant attains retirement as defined by the terms of the qualified plan, or the later of (a) the participant’s 65th birthday or (b) the 10th anniversary of becoming a plan participant. Participants automatically become 100 percent vested if they reach normal retirement age while employed by the employer. 457 Plans: The later of (a) age 70 1/2 or (b) the year you actually separate from service.
The time when a participant attains retirement age under the plan. Usually, it is age 65. However, it may be another age (as set forth in the plan) and may also require a stated period of plan participation. Full vesting is required when a participant attains normal retirement age.
The expected/stated retirement age, usually for pension purposes.
The designated age or time of retirement stipulated under provisions of a specific plan.
The earliest age at which a participant in a pension plan can retire and receive the plan's specified benefit in full. Usually age 65. See also early retirement age and late retirement age.----------[ Back
The age at which you may begin receiving a retirement annuity that is not reduced by an actuarial age reduction factor. The normal retirement ages for the various employment categories are as follows: Employment Category Normal Retirement Age General Employees and Teachers 65 Elected Officials and State Executive Retirement Plan Employees 62 Protective Occupation Employees with less than 25 years of creditable service 54 Protective Occupation Employees with 25 or more years of creditable service 53 Protective Occupation Employees who terminated before 1981 regardless of years of service 55
Under a qualified plan, may not exceed the later of the date the participant reaches age 65 or the 5th anniversary of the participant’s participation date.
The planned age at which a member of an occupational pension scheme can receive a pension without a reduction in benefits.
or Date - The date when a member first becomes eligible to retire under the FRS Pension Plan with unreduced benefits, by meeting the age or service requirements for his/her class of membership. The normal retirement date occurs on the first day of the month that a vested member attains the required age, or on the first day of the month following the date that a member completes the required service. "Normal retirement age" is attained on the normal retirement date.
The age at which you are entitled to retire under your plan with a full benefit.
By law, an employer cannot dictate when an employee must retire. That's age discrimination. The employer may, however, create a pension plan based on an assumption that employees will decide to retire at some age and decide what age that will be. That's the normal retirement age for that particular plan. Companies frequently pick age 65; others pick 62 or 59.
1. For employment purposes the age at which the employees holding a particular position normally retire from service. This is often (but not always) the same as normal pension age or definition 2 below. The statutory term is “normal retiring age†used in s109 (unfair dismissal) and s156 (redundancy) of the Employment Rights Act 1996. 2.  The age of a member of an occupational pension scheme at the normal retirement date as specified in the scheme rules.
The age at which a person normally retires.
established by the individual plan, though most plans specify age 65 as the normal retirement age.
Currently 65 and 2 months, the age at which retirees may receive unreduced social security benefits. Individual company retirement plans may use a different age.
The age at which a worker can begin receiving full Social Security retirement benefits. Normal retirement age is currently 65, but phases into age 67 for people born in 1960 and after. O, P, Q, R, S
For a pension plan, the earliest age at which an eligible participant can retire with full benefits.
The expected retirement age, usually for pension purposes, as defined in the scheme rules.
The age at which an employee holding a particular position normally retires from service.
An age determined in the retirement plan document (typically Age 65) that a participant can take a distribution from their retirement plan.
The age at which a participant in Social Security or a private pension plan is eligible for full retirement benefits.
Age 65 unless a different age is specified in your employment contract.
This is when employees doing a particular job usually retire. It is usually the same as the normal pension age .
age 65, unless you declare a different normal retirement age; it cannot be earlier than a year in which you are eligible to receive benefits without an age reduction penalty from your regular pension plan (IPERS, POR, or Judicial)