NSHEPP Home

Your Retirement Dates

You can retire and start receiving an unreduced pension at the earlier of:

  1. Age 65 (the Plan’s Normal Retirement Date)
  2. Age 60 or over, with at least 10 years of continuous service.
  3. Age 55 or over, if your age, when added to your years of continuous service, equals 85 or more (the Rule of 85) (for example, at age 55 with 30 years of service, or at age 57 with 28 years of service, etc.).
  4. If you have been an active member of the Plan since before January 1, 1999, if your age, added to your years of continuous service, equals or exceeds 90 (the Rule of 90).

You can retire and commence receiving a reduced pension at the earlier of:

  1. Age 50 or over, with at least 10 years of continuous service.
  2. Age 55 or over, regardless of your years of continuous service.
  3. The date on which your age, when added to your years of continuous service, equals 80 or more.

When you select a reduced pension, the amount of your earned pension is calculated up to the date your employment ends, but those benefits are permanently reduced by ½ of 1% for every month before the first date that you are eligible for an unreduced pension.


Back To Top

separator
This website is for informational purposes only. It is not intended to provide specific individual financial, legal, investment, or tax advice. For full details on legal issues and terms of use, see legal disclaimer.
Powered by Eckler Ltd.