Folks with pension plans (those funded solely by their employers)
also are subject to a “normal” retirement age. Lots of
pensions use the Social Security measure of age 65; but lots specify
another age.
Now, consider employer-sponsored plans. While no “normal”
retirement date is specified, you are permitted to take benefits without
penalty as early as age 59 ½. Or even age 55 if you are separated
from service at that age or later.
“Here’s the bottom line on normal.”
Deciding when to retire has less to do with age
and more to do with whether you qualify for enough benefits
to cover your retirement expenses. Talk to your Benefits department
or a financial professional to understand what you can qualify
for and when. |
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