Under certain conditions, you may start your pension before age 65.  Because your life expectancy is longer the younger you are, and because of certain other financial aspects, there may be a reduction in the amount of your otherwise Normal Pension if you choose to retire early.

30. Must I wait until age 65 to start my pension?

No.  If you meet the requirements for an Unreduced Early or Early Pension, you may start your pension before age 65 provided you retire from work at the trade.

31. How do I satisfy the requirements for an Unreduced Early Pension?

To be eligible to receive an Unreduced Early Pension, you must have at least fifteen (15) years of Credited Service and be at least age 57, but younger than age 65.

32. How is my Unreduced Early Pension calculated?

Your Unreduced Early Pension is calculated in the same way as the Normal Pension.

33. How do I satisfy the requirement for an Early Pension?

To be eligible to receive an Early Pension, you must have at least ten (10) years of Credited Service and be at least age 55, but younger than age 65.

34. How is my Early Pension calculated?

You start by calculating the amount of your monthly pension benefit as if you had reached your Normal Pension Date.  Then you reduce that amount by 3/8ths of 1% for each calendar month that your Early Pension Date precedes your earliest Normal Pension Date.  However, if you have at least 15 years of Credited Service, the reduction is 3/8ths of 1% for each full or partial month preceding your 57th birthday.