Sentences with phrase «near normal retirement age»

To find anyone at a middle or senior level in the office at or near normal retirement age tends to be quite unusual indeed.

These formulas translate into a back - loaded structure where benefits are low for many years until, as teachers near their normal retirement age, their pension wealth accelerates rapidly.

Not exact matches

Instead, pensions create a structure that highly incentivizes workers to leave once they pass the normal retirement age, and those nearing normal retirement to continue working («pulling» or

Instead, pensions create a structure that highly incentivizes workers to leave once they pass the normal retirement age, and those nearing normal retirement to continue working («pulling» or locking teachers into the classroom despite individual choice or burnout).

Teachers nearing their state's normal retirement age consistently respond to this disincentive and leave the classroom to maximize their benefits.

In a traditional defined benefit plan, benefits are heavily backloaded; teachers receive minimal benefits in their early years but quickly earn substantial benefits as they near their plan's prescribed «normal retirement age.»