Sentences with phrase «at normal retirement age of»

The benefit amount for case B, assuming that benefits begin exactly at normal retirement age of 66 years, is not reduced except for rounding down to the next lower dollar.

Not exact matches

If you were born between 1943 — 1954 then as a percentage, if you retired at your normal retirement age (NRA), you receive 100 % of your benefit which in $ terms the max is $ 2,639.

If you retired at age 70 (max retirement age) then you will receive 132 % of your normal retirement age benefit, which the max amount for that age is $ 3,576.

At that point, you can switch to your own benefit, which will be worth 132 % of what it would have been at your normal retirement agAt that point, you can switch to your own benefit, which will be worth 132 % of what it would have been at your normal retirement agat your normal retirement age.

Under the first bill, uniformed court officers hired since April 1, 2012 will have their «normal» retirement age lowered to 62 from 63, and will be able to retire at age 55 after 30 years of service.

Under a continuous career, our hypothetical teacher would obtain 30 years of service by age 55, qualifying her for «normal» retirement benefits immediately at 75 percent of final average salary.

Pushing workers out at the normal retirement age is a defining feature of all defined - benefit plans (including Social Security), and the ones states offer to teachers are no exception.

That's possible, but half of all new teachers won't qualify for any pension at all, and 80 percent won't stay long enough to reach the full normal retirement age.

Ohio's, the first of the state charts and the one below, has two such spikes, one for an early retirement incentive and again at the «normal retirement age.»

This normal method of passing on your retirement accounts does not provide you a way to stipulate the age at which the accounts are distributed.

That is, the so - called increase in the Social Security monthly benefit if you delay taking benefits beyond your normal retirement age is at least in part due to the fact that a «fixed pot of money» is being divided into larger chunks at age 70 (fewer months to live) than at age 67 (more months to live).

Under current rules, which remain in effect until 2011, starting CPP at the earliest age of 60 entails a 30 - per - cent reduction in monthly payments but «you would have to live well past 75 in order to receive more from the plan than by waiting until the normal retirement age of 65,» writes tax and estate lawyer Christine Van Cauwenberghe in her book, Wealth Planning Strategies for Canadians 2010.

However, for Social Security purposes, your normal retirement age — the age at which you can collect unreduced Social Security retirement benefits — ranges from 65 to 67, based on your date of birth.

At normal retirement age (66 years of age) they would find themselves roughly in IFA Index Portfolio 55.

At the normal retirement age (65 for men and 60 for women), workers can use the balance in their individual accounts to do one of the following: 2

Trustees of «critical» status plans have a limited ability to adjust some benefits, but can not reduce benefits below the accrued benefit payable at normal retirement age.

If the spouse of a primary begins to receive benefits at his / her normal retirement age, the spouse will receive 50 percent of the primary's primary insurance amount.

If the primary begins to receive benefits at his / her normal (or full) retirement age, the primary will receive 100 percent of the primary insurance amount.

However, for Social Security purposes, your normal retirement age - the age at which you can collect unreduced Social Security retirement benefits - ranges from 65 to 67, based on your date of birth.