Vested MEPP members are eligible to receive an unreduced pension on or after their 60th birthday. Retirement with a reduced or unreduced pension is possible as early as the age of 55, provided certain age and pensionable service requirements are met.
Please note: The maximum pension reduction is 30%. The reduction will be prorated for partial years. This reduction only applies to pension benefits for serviced earned after December 31, 1991.
When Must I Start My Pension?
You must start your pension no later than December 31 of the year you turn 71 years of age. In this case, you would not have to stop working for your MEPP employer in order to start your pension. There are many factors to consider when determining your retirement date. Use these tools to take the guesswork out of your benefit estimates and calculations.