Retirement Age in a sentence

The age to which U.S. lawmakers are looking to raise the retirement age of pilots, from the current mandatory retirement age of 65.

We will lose many of the 7 per cent of truckies that are already of retirement age in the coming decade and only a fraction of the 26 per cent of truckies that are nearing retirement age (aged 55-64) will be working in a decade.

A worker who starts benefits before normal retirement age has their benefit reduced based on the number of months before normal retirement age they start benefits.

Thereafter the normal retirement age increases again by two months for each year until 1960, when normal retirement age is 67 and remains 67 for all individuals born thereafter.

Every sentient person in the country knows how to fix it: We must raise the eligibility age beyond age 62, raise the full retirement age beyond 67, and increase the amount of earnings subject to the Social Security tax.

However, a country's tax laws and/or state old-age pension rules usually mean that in a given country a certain age is thought of as the "standard" retirement age.

First, changes in Social Security payouts enacted in the 1980s are coming into play for today’s workers of retirement age — and they’re incentivizing people to stay employed longer to maximize monthly benefits post-retirement.

Mandatory retirement: Chevron’s board of directors is considering waiving the company’s mandatory retirement age for Chief Executive Mike Wirth, a move that would allow him to remain CEO for a longer period.

Under the proposed changes, early retirement would be possible up to three years prior to the official retirement age.

While 40 years is a very long career, according to the Office of Personnel Management (OPM), the average retirement age is around 61 years old and the average length of service at retirement is 25 to 26 years.

Asked if lowering the minimum retirement age was critical instead of implementing a better marketing scheme to promote the country as a retirement haven, he explained, “It’s not just the marketing that has to be attended to.

Countries can also grow their workforce by providing vocational training opportunities, raising the retirement age, eliminating disincentives for work after retirement and adopting policies that facilitate employment of older workers.

Retirement Benefits: This provides financial support for individuals who have reached retirement age and have sufficient work history.

His appointment was a sequel to the retirement of Justice Adamu AbdulKafarati, who attained the retirement age of 65 years on July 25.

Some may require a higher contribution but see this as an investment… As night will turn into day you will reach retirement age,” he said while pointing out that state pension will be the only option for non-unionised workers upon their retirement.

People lost their homes, their retirement funds, college funds,” said the woman of retirement age, whom the court listed with the initials as H.S. and who declined to give her name to The Herald News.

Supporters of the reform say the young retirement ages are a hangover from the Soviet period and are untenable in a market economy; critics point out that life expectancy for men is barely higher than the new retirement age.

Early retirement is also a euphemistic term for accepting termination of employment before retirement age as part of the employer's labor force rationalization.

If the worker earned delayed retirement credits by waiting to start benefits after their normal retirement age, the surviving spouse will have those credits applied to their benefit.

Retirement calculators generally accumulate a proportion of salary up to retirement age.