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.
Your pension is to provide for your retirement and you canât normally cash it in before age 60. There are circumstances where you can retire as early as age 50. This would normally require the approval of your employer and/or Revenue.our pension is to provide for your retirement and you canât normally cash it in before age 60. There are circumstances where you can retire as early as age 50. This would normally require the approval of your employer and/or Revenue.