what age is considered retirement eligible
In some cases, you can retire at age 62 with a monthly benefit that isn't reduced (see the Early retirement factors chart). Retirement before age 65 is considered an early retirement. 1  Plan 2 members: You can retire as early as age 55 with a reduced benefit if you have at least 20 service credit years.2  Plan 3 members: You can retire as early as age 55 with a reduced benefit if you have at least 10 service credit years.lan 2 members: If you have at least five years of service credit, you are eligible for normal retirement at age 65. Plan 3 members: If one of the following is true, you are eligible for normal retirement at age 65: 1  You have at least 10 service credit years.