In 1982, the Retirement Age Was Raised in Such a Manner

question 39

Multiple Choice

In 1982, the retirement age was raised in such a manner that it is 65 for everyone born before 1938

• A)and 70 for everyone else.
• B)and 67 for everyone else.
• C)and 70 for everyone born in 1960 or after, with a gradual increase in between.
• D)and 67 for everyone born in 1960 or after, with a gradual increase in between.

---

Definitions:

Semi-Annually

Occurring twice a year or every six months, typically used in relation to payments, reports, or interest accruals.

Instalment Payments

Payments made regularly over a period of time to settle a debt.

Periodic Amounts

Regularly scheduled payments or receipts over a defined period.

Interest

The cost of borrowing money or the return on investment for savings and investments, typically expressed as an annual percentage rate.