Compulsory retirement, also known as mandatory retirement, refers to being forced to resign from one's employment at an age specified by union contract or company policy. This practice has evolved significantly with changing laws and regulations.
Deferred retirement refers to the act of postponing retirement beyond the normal retirement age, which typically does not result in an increase in monthly retirement income when the employee actually retires.
Early-retirement benefits are benefits a person is entitled to when retiring before the formal retirement age. Early retirement is increasingly common in the United States.
Mandatory retirement, also known as compulsory retirement, refers to a policy or practice that requires employees to retire at a certain age—typically established by an organization or governmental policy.
Retirement age is the designated age at which an individual becomes eligible to retire and begin receiving retirement benefits. This can include several variations such as normal, early, deferred, and automatic retirement.
