Normal retirement

(redirected from Normal Retirements)

Normal retirement

The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.

Normal Retirement

A situation in which a worker stops working and is eligible to receive benefits from a pension or other retirement plan without having to pay back taxes and/or a penalty. Normal retirement may occur at a certain age, such as 65, and/or after a certain number of years working for the company.
References in periodicals archive ?
A spokesperson for the pilots' union said that the breakdown of early retirements against normal retirements will not be known until the end of 1 December 2004.
The company is working hard to achieve most of the employment reduction through normal retirements, attrition and decreases in the number of part-time associates.
During the call this morning it was noted that attrition from normal retirements would likely take that number down to around 15 over a period of years.