Which of the following statements about retirement ages in defined benefit pension plans is (are)true?
I.The normal retirement age in most plans is 65.
II.For a defined benefit plan,the early retirement age is the earliest age an employee can retire with full,unreduced benefits.

Question

Quizplus · Accepted Answer

I is true as the normal retirement age in most defined benefit pension plans is indeed 65. II is incorrect because the early retirement age typically refers to the earliest age an employee can retire with benefits, but these benefits are often reduced compared to retiring at the normal retirement age.

Which of the Following Statements About Retirement Ages in Defined