Normal retirement(redirected from Normal Retirements)
The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved