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Normal retirement |
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Normal retirementThe age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.Normal retirement Similar MatchesRetirementRetirementRemoval from circulation of stock or bonds that have been reacquired or redeemed. Normal retirement ageNormal 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. Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. Individual Retirement Account (IRA)Individual Retirement Account (IRA)A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred. Debt retirementDebt retirementThe complete repayment of debt. See: Sinking fund. Further SuggestionsBonds Enabling Annual Retirement Savings (BEARS)Registered Retirement Savings Plan (RRSP) Employee Retirement Income Security Act retirement annuity contract (RAC) Retirement Protection Act of 1994 IRA (individual Retirement Account) Tax deferred retirement plans normal retirement date early retirement Employee Retirement Income Security Act (ERISA) individual retirement account retirement relief phased retirement |
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