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 is the amount of penalty for retiring early at 55 or any year up to age 65?

April 26, 2017age early penalty retiring year

0

10 Posted

What is the amount of penalty for retiring early at 55 or any year up to age 65?

1 Answer

0

10 Posted

A. If you take the monthly pension as an immediate benefit, there will be a 4/10 of 1% per month reduction between age 55 and 62 and 6/10 of 1% reduction per month between the age of 62 and 65.