Early Retirement

Unreduced Vested

Lifetime benefit available when participant retires from active covered employment between the ages of 60 and 64 and has at least 20 years of credited service.

Reduced Vested

Lifetime benefit available between the ages of 55 and 64, reduced by 1/2% per month for each month prior to the normal retirement date (age 65).

Normal Retirement


Lifetime benefit available starting at age 65.



Available starting at age 50 with 15 years of credited service, with no reduction or waiting period. Must be receiving Social Security disability benefits. Transfers to a Normal Retirement benefit at age 65.

Retirement After Age 65


Lifetime benefit based on final average earnings and accrued credited service as of the actual retirement date. Payments begin the first of the month following the actual retirement date.