Retired Taxpayers Over 59½ Years of Age at the End

question 166

True/False

Retired taxpayers over 59½ years of age at the end of the year must receive minimum distributions from defined contribution plans or they are subject to a penalty.

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Definitions:

Safety Performance

The record or measurement of an organization’s ability to prevent accidents and protect workers from harm.

Hazard Analysis

The process of identifying potential hazards that could cause harm in the workplace and determining the severity and likelihood of their occurrence.

Occupational Hazards

Risks or dangers that are inherent in a particular job or working environment, potentially causing injury or illness.

Health and Safety Complaints

Refers to issues or grievances raised by workers regarding potential hazards, unsafe working conditions or practices that could affect their health or safety at work.