normal retirement age
The age at which an employee holding a particular position normally retires in an organisation. The normal retirement age is ascertained from the reasonable expectation of the group of employees holding the same position as the individual. If there is no reasonable expectation of retiring at a particular age then the default normal retirement age is 65.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • normal retirement age — The age at which an individual is expected to retire. At present this is normally 65 for a man and 60 for a woman in the UK. It is at these ages that state pensions begin. However, other policies can nominate other pre agreed dates, which HM… …   Big dictionary of business and management

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  • contractual retirement age — The age at which employees are obliged to retire under any relevant terms of a contract of employment. Where a pool of employees has the same retirement age it will also usually be the normal retirement age. Related links contract of employment …   Law dictionary

  • Retirement — For other uses, see Retirement (disambiguation). Finance Financial markets …   Wikipedia

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  • normal minimum pension age — Introduced by the Finance Act 2004, normal minimum pension age is the youngest age at which a member of a registered pension scheme can ordinarily expect to take his benefits. It is defined in section 279(1) of the Finance Act 2004 as age 50… …   Law dictionary

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