What is the latest normal retirement age that an employer pension scheme can use?

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Multiple Choice

What is the latest normal retirement age that an employer pension scheme can use?

Explanation:
Normal retirement age is the age at which pension benefits can be taken without actuarial reduction. Legislation caps the maximum NRA that an employer pension scheme can set at 70, so 70 is the latest age a scheme can choose. Earlier options like 65 or 68 are permitted but not the latest, while 75 would go beyond the allowed limit. Therefore, the latest normal retirement age a scheme can use is 70.

Normal retirement age is the age at which pension benefits can be taken without actuarial reduction. Legislation caps the maximum NRA that an employer pension scheme can set at 70, so 70 is the latest age a scheme can choose. Earlier options like 65 or 68 are permitted but not the latest, while 75 would go beyond the allowed limit. Therefore, the latest normal retirement age a scheme can use is 70.

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