| Type | Minimum | Qualified Retirement | Early Retirement |
|---|---|---|---|
| Age | 52 and less than 65 | ||
| Service & Other Requirements | Vested |
|
50,000 Contributory Hours or 25 years of Contributory Years of Service |
Benefits earned prior to July 1, 1990 will be determined under the Prior Plan unless 10,000 Contributory Hours or 5 years of Contributory Years of Service earned after 6/30/90.* *excluding Recaptured Hours/Service |
|||
| Basic Benefit | Accrued Monthly Normal Retirement Benefit actuarially reduced from age 65. see Reduction Factor Table 1 |
Accrued Monthly Normal Retirement Benefit actuarially reduced from age 60 (no reduction if age 60 or older). see Reduction Factor Table 2 |
Accrued Monthly Normal Retirement Benefit actuarially reduced from age 57 (no reduction if age 57 or older). see Reduction Factor Table 3 |