Hi, I am looking at this option to retire early next year from public service aged 54. So in my case the difference in annual pension between taking the actuarial reduced early retirement next year or retiring next year and awaiting a deferred pension at age 60 is approx 5k per year.
I am curious about the actuarial calculation used for the actuarial reduced option and if it makes financial sense to avail of this. Has anyone looked into how this is calculated if this option is a good financial option?
I am curious about the actuarial calculation used for the actuarial reduced option and if it makes financial sense to avail of this. Has anyone looked into how this is calculated if this option is a good financial option?