NRA stands for which pension term?

• A. Normal Retirement Age
• B. Normal Retirement Assessment
• C. Net Return Adjustment
• D. Non-Retirement Allocation

Answer: (A)

Normal Retirement Age is the age at which a member can retire and receive pension benefits without any reduction for early retirement. It marks when benefits are typically payable in full under the plan, though you may choose to retire earlier with reduced benefits if the plan allows. The other phrases aren’t standard pension terminology and don’t refer to the retirement age or the point at which full benefits begin (for example, Normal Retirement Assessment would imply an evaluation process, Net Return Adjustment relates to investment performance, and Non-Retirement Allocation isn’t a recognized retirement-age term).