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Early vs. Normal Retirement

Jul 9, 2021, 11:20 AM by MOSERS
I am a member of MSEP 20011. I am currently 60 years old with 9 years of service time. If I leave state employment this year at what age would I be able to start my pension payments? 62? 65? or 67?

If you leave state employment this year at age 60 years, 9 months, you will be required to wait and draw your benefit at age 67.  In order to be eligible for early retirement, you must reach age 62 prior to leaving state employment. Please note that taking early retirement will reduce your base benefit by ½ of 1% (.005) for each month your age is younger than normal retirement age. Your normal retirement age would be at 67. You can find more information in the MSEP 2011 Handbook.

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