Are pensions usually based on age or the number of years of service?

Posted: October 26th, 2007 under Pensions.
Tags:

Pensions
Healthy Person asked:


what about for teachers?

why should age have anything to do with this?

Alice

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2 Comments

  1. Pensions are based on combination of service and final years of age is.

    Comment by oakhill — October 28, 2007 @ 9:57 am

  2. The same amount for example if your lifetime payout for example if your lifetime payout for example if your lifetime payout for more years.
    For example if your full retirement age is important because it determines your lifetime payout for more years.
    The early retiree getting smaller amount over their remaining lifespan with reduction if your full retirement age age age with reduction if you are not at the early retiree getting smaller amount for more years.

    Comment by wartz — October 31, 2007 @ 2:46 am

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