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3/14/20

[Answer] What is meant by a "retirement period" for records?

Answer: The period of time which records are to be retained before being removed from a current files area to a designated local storage area. (NOTE: A retirement period must be distinguished from a retention period)




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What is meant by a "retirement period" for records? What is meant by a "retirement period" for records? The period of time which records are to be retained before being removed from a current files area to a designated local storage area . (NOTE: A retirement period must be distinguished from a retention period) Mon Jul 15 2019 · Maintaining Your Retirement Plan Records As an employer sponsoring a retirement plan you are required by law to keep your books and records available for review by the IRS. Having these records will also facilitate answering questions when determining participants’ benefits. What is meant by a “retirement period” for records? The period of time which records are to be retained before being removed from a current files area to a designated local storage area . (NOTE: A retirement period must be distinguished from a retention period) The individual’s income during partial and full retirement appropriately reflects the individual’s situation. During the partial retirement period the income will be between full retirement and full employment and the Phased Retiree would be increasing their lifetime retirement income . retirement: 1. The period of a person's life during which he/she is no longer working or the commencement of that period. The standard age for retirement in the United States is considered 65 although many indivi...

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