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Don’t get the retirement age wrong in personal injury claims

Friday, June 09, 2017 @ 9:05 AM | By Frank Nudo

The selection of a retirement age is generally a key assumption in the quantification of personal injury claims. When an employee participates in a defined benefit pension plan, it is often assumed that the most appropriate retirement age is when the employee is eligible for an unreduced pension. An unreduced pension is often described as a full pension, thereby suggesting that a rational employee will choose to retire when they have maximized their pension. However, an “unreduced pension” and a “full pension” are not one and...