ABA Family Legal Guide

The Rights of Older Americans

Pensions

Traditional Pension Plans

What if I join an employer at age sixty-two and retire at age sixty-five?

Employee Retirement Income Security Act (ERISA) assures older employees that their rights will vest completely at normal retirement age, regardless of the number of years they have worked for an employer.

Also note that since 1988, employers have been required to make contributions to the plan for workers age sixty-five and over.