What is NORMAL RETIREMENT BENEFIT?

The greater of the normal retirement benefit or early retirement benefit that the employee is eligible to receive. Past medical or disability benefits are not considered when the normal retirement benefits are bestowed.

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Related Legal Terms

NORMAL RETIREMENT, MULTIPLE RETIREMENT AGES, EMPLOYEE BENEFIT PROGRAM, RAILROAD RETIREMENT, GENERAL RETIREMENT SYSTEM, NON-QUALIFIED RETIREMENT PLAN, PAST SERVICE BENEFIT, EMPLOYEE PENSION BENEFIT PLAN, NORMAL GOOD, RETIREMENT FUND


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