MLchartDataset catalogue

Variable benefit reduction

Term · Economic statistics · MLC-T-ECS-002092

Reduction for early retirement based on age and time necessary to normal retirement benefits.

Note: For example, benefits may be reduced by 3 percent for each year an employee is between age 60 and the age of a plan’s normal retirement, as well as by 6 percent for each year that retirement precedes age 60.

Table 1. Record
IdentifierMLC-T-ECS-002092
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-002092",
  "term": "Variable benefit reduction",
  "field": "Economic statistics",
  "definition": "Reduction for early retirement based on age and time necessary to normal retirement benefits.\n\nNote: For example, benefits may be reduced by 3 percent for each year an employee is between age 60 and the age of a plan’s normal retirement, as well as by 6 percent for each year that retirement precedes age 60.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/variable-benefit-reduction/"
}

Record 2,092 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.