Age-Reduced Early Retirement Benefits

Early retirement benefits under the Age-Reduced provision allow you to retire early with reduced lifetime retirement benefits. The benefit factor is 2.5%, with a reduction factor applied based on your age at retirement. This means Age-Reduced benefits vary based on your age at retirement, so the younger you are, the more your benefits are reduced.

You are eligible for Age-Reduced early retirement benefits if you:

  • Are age 55 with at least five years of service
  • Are any age with at least 25 years of service
  • Do not qualify for the Rule of 80 (when your age plus your years of service equals 80 or more)

Your benefit amount will be higher if you wait and file for Normal (Full) service retirement benefits. Learn More »

You must properly terminate your employment to be eligible to retire. Learn More »

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