What Retirement Options are Available?

Early reduced retirement - age 55+

You are eligible for early retirement with a reduced pension if you have at least two years of credit or continuous membership in the Plan and are at least 55 years old when you end your membership in the Plan. With this type of early retirement, your pension is calculated using the basic pension formula (and does not include the CPP reduction until age 65) and is then reduced by 5% for each year you are under age 65, if you do not qualify for other forms of early retirement. The reduction will be prorated for partial years.