Deferred Retirement Credit

Definition of "Deferred retirement credit"

Salvatore Nicosia
  Better Homes and Gardens Rand Realty

Former arrangement under which retirement benefits payable to an employee who continued to work beyond normal retirement age were frozen, and not increased in recognition of added work time. This was eliminated by the federal Omnibus Budget Reconciliation Act of 1986.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ