RETIREMENT: Early retirement benefit
If you have reached the age of 60 and have 40 years of pensionable service, you may claim an early retirement benefit.
The qualifying conditions for an early retirement benefit are the same for women and men.
The age limit of 60 years for acquiring an early retirement benefit may not be reduced on any of the grounds applicable to the lowering of the age limit for the entitlement to an old-age pension.
As with an old-age pension, an early retirement benefit is assessed from the pension base on the basis of the number of years of pensionable service.
A pension assessed in this way is then reduced by 0.3 % for every month prior to the recipient reaching the age of 65.