Eligibility and Calculations
Eligibility for PEERS retirement is based on a combination of your years of service and age. You can be eligible for normal (full) benefits, early (reduced) benefits, or delayed benefits with a Partial Lump Sum Option (PLSO).
Normal benefits are calculated with a higher benefit factor than are early retirement options, making those benefits larger. PLSO benefits include a lump-sum payment at retirement with reduced monthly benefits.
If you are unsure of your eligibility or years of service, you can log in to Web Member Services to view your membership information. You can also log in to Web Member Services and use our Benefit Estimator to get personalized benefit estimates quickly and easily using your specific membership information.
Get your personalized Benefit Estimate »