Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the requirements for vesting (deferred retirement)?

0
Posted

What are the requirements for vesting (deferred retirement)?

0

You may defer your pension if: • you leave judicial service (your State elected position), • you leave your contributions on deposit with Judges Retirement System, • you have at least eight years of service credit, and you have not yet met the age requirement to immediately begin receiving a pension. If you defer, you will be eligible for a pension at age 55 if you had at least 18 years of service, the last six years continuous, otherwise, age 60. There is no advantage to deferring your pension once you have met the age requirement. Delaying your application until age 62, 65 or older will not increase your monthly pension. By delaying, you lose the payments you could have received had you retired at age 55 or 60.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123