Partial credit is an option for those whose schedules vary over their careers.
By Marc Rosenberg
Retirements & Buyouts
Full vesting age is different than mandatory retirement age.
MORE ON PARTNER RETIREMENT: Retirement Vesting: The Devil’s in the Details | Compromise Is in Order for Some Goodwill Payouts | When Retiring Partners Take a Specialty With Them | If Clients Leave, Do You Reduce Retirement Benefits? | Three Ways to Calculate Goodwill Payable in Partner Buyouts, None of Them Great | The Ins and Outs of AAV for Goodwill | Clients Leaving? Time to Reduce Retirement Benefits | How to Set Terms and Limits for Goodwill Payouts | Partners May Balk at Guaranteeing Retirement Obligations
These two ages are similar, but most firms treat them differently. For instance:
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