Retirement Age

Definition of "Retirement age"

Shannon Pencille
Shannon Pencille HomeSmart

Age at which a pension plan participant is entitled to receive retirement benefits, or point at which retirement benefits are payable: normal retirement age is the earliest age permitted to retire and receive full benefits; early retirement is earlier-than-normal age permitted to retire provided attained minimum age and service requirement are met, but there is a proportionate reduction in benefits: deferred retirement age beyond automatic retirement age permitted to retire, usually with no increase in benefits; automatic retirement age is age at which retirement is automatically effective.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ