Health Care Reform: Safe Harbor for Determining Full-Time Employee Status. New guidance has been issued on two requirements under the Patient Protection and Affordable Care Act (the Act) that will become effective in 2014.
Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 will be reduced to 70 percent of the full benefit and benefits first taken at age 65 will be reduced to 86.7 percent of the full benefit.
Our poll has confirmed it, 60 years old is the best age to retire. According to 59-year-olds, the average age of our survey respondents, 40% thought 60 was the perfect age for retirement, with 93% agreeing it should happen after 50. In 2013, we conducted a survey with 1,500 people asking them when they thought was the perfect age to retire. The average age of the respondents was 59.