Normal (Full) Service Retirement Benefits

Normal, or full, retirement benefits are non-reduced benefits and are calculated with a 1.61% benefit factor.

You are eligible for normal (full) retirement benefits calculated with a 1.61% benefit factor at:

  • Age 60 with at least five years of service, or
  • Any age with at least 30 years of service, or
  • Rule of 80 when the sum of your age plus your years of service equals 80 or more.

If you retire prior to age 62, you can also choose to accelerate, or increase your PEERS benefit until age 62, the current Social Security eligibility age. Learn More ».

You must properly terminate your employment to be eligible to retire.

Not sure if you are eligible for normal retirement, or need to know how many years of service you have? Log in to view your membership information on the secure portion of this website.

Rule of 80

Rule of 80 is a benefit provision used to determine if you are eligible for Normal (Full) PEERS service retirement benefits. You have reached Rule of 80 when the combination of your age and your years of PEERS service equal 80 or more.

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The Accelerated Payment Plan (APP)

If you retire prior to age 62, you can also choose to accelerate, or increase, your PEERS benefit until age 62, with an actuarial reduction applied to your benefit at age 62. Members who choose the Accelerated Payment Plan (APP) usually intend to apply for Social Security benefits at age 62, replacing the reduction in their PEERS benefit with income from Social Security. Choosing the APP does not mean you will receive any extra income from PEERS over your lifetime. It simply means you will receive more of your benefit prior to age 62. You may not choose the APP and the Partial Lump-Sum Option (PLSO).

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