With Rule of 75 - you must be a minimum of 55 years old
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So what does it mean? You can’t terminate someone with number over 75?
Thank you!
Rule 75 in regards to Retirement:
Rule of 75 means the termination of Participant's employment for any reason other than Cause if the sum of Participant's age and completed years of service with the Firm equals at least 75 on the date of his or her termination of employment.
I keep hearing it mentioned and I can't figure out what it's referring to.