You are eligible for an Early Retirement Pension if you are age 55 but not yet age 62 and have at least 10 Pension Credits, including at least four Pension Credits earned after January 1, 1950 during the Contribution Period.


The monthly amount of the Early Retirement Pension is determined using the following steps:

Step 1: Calculate the amount of the Regular Pension to which you would be entitled if you were age 62, based on your Pension Credits at the time of early Retirement.

Step 2: Reduce this by ½ of 1% for each full month you are younger than age 62 on the date your pension payments will begin.

Step 3: The result is the amount of the Early Retirement Pension. Benefits will be paid based on the payment option you elected