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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 |
Example |
Reduction |
| 62 |
Full benefit = $1,500/month |
0% |
| 60 |
Reduced benefit = $1,425/month |
5% |
| 55 |
Reduced benefit = $885/month |
41% |
“85 Points”
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