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When Can You Retire - KPERS

Retiring With Full Benefits

  • Age 65 with one year of service credit
  • Age 62 with ten years of service credit
  • Any age when your age and years of service credit added together equal 85 (85 points calculator)

Retiring Early

  • You can receive reduced benefits at age 55 with ten years of service, even without the 85 points.
  • Age 55 to 60: Benefits are reduced by 0.6 percent for each month you are between age 55 and 60.
  • Age 60 to 62: Benefits are reduced by 0.2 percent for each month you are between age 60 and 62.
If You Retire Early...
Age Reduced by Example: A $1,000 benefit:
At age 55... 41% would be reduced to $590.
At age 56... 34% would be reduced to $660.
At age 57... 26% would be reduced to $740.
At age 58... 19% would be reduced to $810.
At age 59... 12% would be reduced to $880.
At age 60... 5% would be reduced to $950.
At age 61... 2% would be reduced to $980.

 

“85 Points”

You can retire at any age, with full benefits, when you have 85 points. The 85 point rule is when your age and years of service credit added together equal 85. Every year you work, you will gain two points - one for each birthday and one for the year of service credit.

Enter your current age:

Enter your current years of service: