As a general guide, the current percentage reductions for retirements up to 13 years early are shown in the table below.

The table below illustrates the effect of early retirement, for both a retired worker and his/her spouse. For our illustration, we have used a $1,000 ...

Early Retirement Reduction % Table. Number of Years Paid Early. Pension Reduction. Lump Sum Reduction. 0. 0. 0. 1. 5. 1.7. 2. 9.7. 3.3. 3. 14. 4.9. 4. 18. 6.5.

Actuarially Reduced Early Retirement factsheet-20230911-(V10) 3. The following table shows how much of the pension and lump sum an active member will receive ...

The table below shows the reduction factors that are currently in force: Early retirement reduction factors. Number of years. paid early. Pension reduction.

21 сент. 2023 г. · These tables help you understand how much your pension payments might be reduced if you decide to start your retirement journey ahead of schedule.

7 июл. 2023 г. · The reduction is based on the period between the date your benefits are paid and your Normal Pension Age. The earlier you take your pension, the bigger the ...

The following table shows approximately how much your pension is reduced by if you choose to retire early. If you retire between the ages shown the benefits ...

How much your benefits are reduced by depends on how early you draw them. Number of Years Paid Early, Pension Reduction, Lump Sum Reduction. 0, 0%, 0%.

The reduction table is set by the government and can change from time to time. Please note: Early retirement reduction factors were revised from 3 July 2023.