Examples of Early Retirement Pension in a sentence
A participant who is eligible for an Early Retirement Pension will receive the greater of the Disability Pension or the Early Retirement Pension.
The amount of the Early Retirement Pension depends on the rate the participant’s last employer contributed as set forth in the table below.
The Early Retirement Pension is the amount of the Regular Pension to which the participant would be entitled if he or she were then 65 years of age reduced by ½ of 1% for each month by which the participant is younger than age 65 on the Annuity Starting Date of his or her Early Retirement Pension.
Generally, a Program A participant may retire with an Early Retirement Pension if he or she (a) has attained age 55; and (b) has at least 120 months of Service Credits.
A Program C participant may retire with an Early Retirement Pension if he or she (a) has attained age 55; and (b) has at least 120 months of Service Credits.