Sentences with phrase «normal retirement age reduces»
Retiring before normal retirement age reduces this baseline by roughly 5 % -7 % for each year you take payments early.
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If you collect a reduced benefit before your normal retirement age, Social Security will automatically give you the largest benefit available to you, whether it's based on your own work record, your spouse's record or a combination of the two.
As long as she has reached at least normal retirement age, her survivor benefit will not be reduced, but her own retirement benefit will disappear.
Savings could be made by raising the normal retirement age and reducing the rate at which pension benefits are earned.
Depending on a teacher's years of service, his benefits are reduced by 4 percent to 6 percent each year younger than his normal retirement age.
After reaching normal retirement age, earnings no longer reduce the monthly benefit.
A spousal benefit is reduced 25/36 of one percent for each month before normal retirement age, up to 36 months.
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.
Retirement before «Normal Retirement Age» (NRA) reduces benefits, and retirement after NRA increases benefits.
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 a worker begins receiving benefits before his / her normal (or full) retirement age, the worker will receive a reduced benefit.
Subsidized Early Retirement Benefit - A benefit amount that is not reduced, or is reduced less than the full actuarial amount, for retirement before normal retirement age.
One more good effect of working into «retirement»: Let's say that you filed for Social Security before your normal retirement age because you needed the money, even though it meant receiving reduced benefits for life.
The relevant LGPS regulations provided that, in order for IHER to be granted, the member needed to be «permanently incapable of discharging efficiently the duties of his current employment» with a «reduced likelihood of being capable of undertaking any gainful employment before his normal retirement age».