New early retirement provisions now in place
New provisions for early retirement became effective this summer for PERS, TRS and SERS Plan 2 and 3 members who are at least age 55 and have 30 or more years of service.
These new provisions carry a smaller benefit reduction for retiring early, but it’s important to remember that if you return to work for a public employer, your pension benefit will stop until you leave employment or turn 65.
For more information, contact us or read the brochure Thinking About Retiring Early?