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Psers Early Retirement Penalty. If you are age 55 or over with at least 25 years of service, you could qualify for psers special early retirement. If you have not reached one of these milestones, you are considered to be retiring early. Age 60 with at least 30 years of credited service. You may find this retirement status referred to as “special 55/25”.
PPT Different Benefit Plans 401(a), 403(b), 457 and 529 Plans From slideserve.com
35+ years of credited service. The main benefit is that your pension is reduced by a lower amount than if you were simply retiring early. Early retirement (age penalty applied) You may find this retirement status referred to as “special 55/25”. A “55/25” retirement is reduced by one quarter of one percent per month for each month you are under normal retirement requirements. Age 60 with at least 30 years of credited service.
The main benefit is that your pension is reduced by a lower amount than if you were simply retiring early.
The main benefit is that your pension is reduced by a lower amount than if you were simply retiring early. If you are thinking about retiring earlier than originally planned, a few less years of credited service could change your status from normal to early. Early retirement (age penalty applied) If you have not reached one of these milestones, you are considered to be retiring early. If you are age 55 or over with at least 25 years of service, you could qualify for psers special early retirement. A “55/25” retirement is reduced by one quarter of one percent per month for each month you are under normal retirement requirements.
Source: slideserve.com
Meet medical eligibility and application submission requirement. Early retirement (age penalty applied) If you are thinking about retiring earlier than originally planned, a few less years of credited service could change your status from normal to early. The main benefit is that your pension is reduced by a lower amount than if you were simply retiring early. 35+ years of credited service.
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