Which Act permits limited phased retirement by allowing in-service pension plan withdrawals to begin at age 62 rather than 65?
A) Pension Protection Act
B) Older Workers Benefit Protection Act
C) Employee Retirement Income Security Act
D) Consolidated Omnibus Budget Reconciliation Act

Question

Quizplus · Accepted Answer

A)The Pension Protection Act of 2006 permits limited phased retirement by allowing in-service pension plan withdrawals to begin at age 62 rather than 65.A benefit of phased retirement is that it permits a company to reduce labor costs without hurting morale.

Which Act Permits Limited Phased Retirement by Allowing In-Service Pension