Normal retirement age
Normal retirement ageThe age at which an individual normally retires (60 to 70 for men and 55 to 70 for women). Men qualify for the state pension at 65 and women currently qualify at 60. However the qualifying normal retirement age for women will be increasing depending on their date of birth, the scale applying for those born after 6th April 1950. For personal pension plans individuals may take retirement between the ages of 50 and 75 and for retirement annuities between the ages of 60 and 75.
Normal retirementNormal retirement
The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.
Debt retirementDebt retirement
The complete repayment of debt. See: Sinking fund.
Registered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)
Tax-sheltered retirement plan for Canadian citizens, much like an American IRA.
Retirement reliefRetirement relief
A special relief for Capital Gains Tax purposes which applies when an individual aged 55 or over disposes of his business or an interest in a business.
Retirement Protection Act of 1994Retirement Protection Act of 1994
Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers.
Further SuggestionsIRA (individual Retirement Account)
individual retirement account
normal retirement date
Bonds Enabling Annual Retirement Savings (BEARS)
Employee Retirement Income Security Act
Tax deferred retirement plans
retirement annuity contract (RAC)
Individual Retirement Account (IRA)
Employee Retirement Income Security Act (ERISA)
unfunded unapproved retirement benefits scheme