At what age can a participant retire with no reduction in benefits, provided they meet the necessary criteria?

The correct answer highlights that participants can retire at 62 years of age without a reduction in benefits, assuming they meet the necessary criteria stipulated by their retirement plan. At this age, many retirement plans begin to allow full benefits to be accessed, aligning with policies set by various retirement systems.

Retiring earlier than this, such as at 60, typically would result in a reduction in benefits, as the individual has not reached the threshold established by most plans designed to ensure financial security. Similarly, while ages 65 and 67 may be associated with full retirement benefits for other programs, such as Social Security, they are not relevant for many specific pension or retirement plans that recognize 62 as the optimal age for full retirement benefits. Thus, the focus on age 62 is crucial for understanding the parameters of eligibility for those benefits.