An employee who has reached the normal retirement date (first day of the month following 65th birthday) may retire with the full retirement allowance provided in Section 8 of the Plan (9.1 and 9.2)
Options for retirement prior to age 65 depend on when the employee was first hired, as follows:
Hire Date | When You're Eligible for Retirement Benefits |
On or before 9/5/01 |
|
After 9/5/01 but Before 1/18/08 |
|
On or after 1/18/08 |
|
1The retirement allowance is reduced by 5% for each year or fraction of a year below age 65. (Plan Section 10.2)