Early retirement

Last edited: Sep 29, 2026 Published: Apr 23, 2026

Guidance on the calculation of the early retirement reduction where a member takes their benefits before they are entitled to unreduced benefits.

DatedOperative dateDocument(s)Extant?
13 July 20261 August 2026Factor spreadsheet version 2026-03
Covering letter
Yes
24 January 202424 January 2024GuidanceYes
30 June 202303 July 2023Factor spreadsheet version 2023-04
Covering letter
No
5 May 202111 May 2021Guidance
Covering letter
No
26 November 20188 January 2019Factor spreadsheet – version 9 (dated 20 Dec 2019)No
18 April 201629 April 2016Guidance
Covering letter
No
August 2015N/AConsolidated working copyNo
28 March 20141 April 2014Guidance
Covering letter
No