multiple retirement ages

Definition

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.

单词	multiple retirement ages
释义	multiple retirement ages Definition 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.
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