Special Early Retirement Pension. If you are age 60 and have completed at least thirty (30) years of Credited Service, you can elect Special Early Retirement. Your Basic Pension will be calculated as above with no reduction for early payment. You will also receive a temporary Supplement payable until you are first eligible to receive an unreduced CPP Retirement Pension at age 65. This temporary Supplement is equal to the amount which, when added to your Basic Pension, produces the following total minimum pension amount: $2,225 if you retire on or before May 31, 2014 $2,300 if you retire on or after June 1, 2014 At age 65, your temporary Supplement will be replaced by a Lifetime Supplement. This monthly Lifetime Supplement is the amount which, when added to your Basic Pension and the unreduced CPP Retirement Pension, produces the following total minimum pension amount: $2,570 if you retire on or before May 31, 2014 $2,650 if you retire on or after June 1, 2014 In addition to this Lifetime Supplement, you may also be entitled to an additional supplement if you retire before May 31, 2014. This additional supplement will be the amount which is required to produce the total minimum pension indicated above that would have been payable if you were then retiring at your normal retirement date, based on the normal retirement total minimum pension and unreduced CPP Retirement Pension payable at that date, and your Basic Pension including any Escalation Benefits* accrued to your normal retirement date. This additional supplement will be added to and form part of your Lifetime Supplement. *See Escalation Benefit Section
