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Early Retirement

Jul 8, 2020, 15:51 PM by MOSERS

As I review my state working credit history, I will earn my 5 year vesting at age 52. I am interested in possibly leaving the state workforce once I have reach that mark. Is there any way to receive a monthly payment at this age or do I have to wait until age 67 to begin collection of my benefits?

Under the MSEP 2000, you would not be eligible for early retirement and to receive benefits until at least the age of 57.

Minimum Requirements for Early Retirement by Plan:


Age 55 with 10 years of service

MSEP 2000:

Age 57 with 5 years of service

MSEP 2011:

Age 62 with 5 years of service

If you elect early retirement, your base benefit will be reduced by one-half of one percent (.005) for each month your age at retirement is younger than your normal retirement age. The formula for calculating the early retirement reduction factor is:  1 – (Months Retiring Early x .005) = Early Retirement Factor.

View Pension Plans on our website for more information including details on normal (unreduced) retirement eligibility for MSEP, MSEP 2000, and MSEP 2011

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