If a worker elects to receive retirement benefits before full retirement age,   A. their eligibility for Medicare could be limited if their lifespan is longer than expected   B. they would have to pay an early collection tax on their retirement income   C. benefits are significantly reduced for each year claimed before full retirment age   D. benefits are reduced for each month before full retirement age

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Employer Pension Plan

An employer pension plan is a retirement benefit provided by an employer to employees before or after they retire. Over the course of the employees' working lives, the employer should invest a lump sum or make monthly contributions to investment schemes in employees' names. It is the employer's legal responsibility to provide employees with retirement plans that support them with guaranteed financial security in retirement.