Will I receive a reduced retirement allowance due to my age at retirement?

If you choose to retire earlier than normal retirement age, an age-reduction factor may be applied to your service retirement allowance, depending on your tier and retirement program.

Tier VI Members

The chart below shows the percentage of the full benefit that you may receive if you retire before age 63 with less than 30 years of Total Service Credit. Note: Under Chapter 58 of the Laws of 2026, effective April 1, 2026, age reductions would not apply to members who retire at age 58 (or later) with at least 30 years of Total Service Credit.

Tier II, III^, and IV Members

The chart below shows the percentage of the full benefit that you may receive if you retire before age 62 with less than 30 years of Total Service Credit. Age reductions would not apply to members who retire with at least 30 years of Total Service Credit. Note: Participants in the Age 55 Retirement Program who retire with at least 25 or 27 years of Total Service Credit (as applicable) would also not be subject to age reductions; for more information, please see the What is the Age 55 Retirement Program? FAQ above.

^Different age-reduction factors apply to retirements under Tier III. However, those factors are rarely used and not shown because Tier III members normally retire under Tier IV.

Tier I Members

Age reductions would not apply if you are at least age 55 at your payability date. You may retire before age 55 (with an age-reduction factor) if you have at least 30 years of Total Service Credit. The chart below shows the percentage of the full benefit that you would receive in this case:

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