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.

More On This Topic

  1. Understanding Section 79 Plans With Permanent Life Insurance
  2. Important 2018 Law Changes You Should Know
  3. Three Conditions Required For Respondeat Superior
  4. The Difference Between a Profit Sharing Plan and a Thrift Sharing Plan
  5. Seven Factors Every Business Owner Must Know About Independent Contractor Law
  6. How To Get Off Probation Early
  7. Writing An Employee Handbook: 10 Essential Things To Include
  8. What Is My Tax Liability on a $250,000 Life Insurance Policy?
  9. If a company files bankruptcy, will you be given unemployment benefits?
  10. What are Employees’ Right to Stress Leave?

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


Link to This Definition

Did you find this definition of NORMAL RETIREMENT BENEFIT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary