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Retirement Plans

Defined-contribution
and defined retirement plans

Fundamentals of private retirement plans:

Millions of workers participate in private
retirement plans. These plans have an enormous
social and economic impact on the nation.
Retirement benefits increase the economic
security of both individuals and families during
retirement. Retirement contributions are also an
important source of capital funds to the financial
markets.

Retirement Ages:

A typical pension plan has three Retirement
ages:

1- Normal Retirement Age:

The normal retirement age is the age that a
worker can retire and receive a full, unreduced
pension benefit. Age 60 is the normal retirement
age in most plans.

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