what is a defined benefit leveling age?
If you retire from active service before you are eligible to. collect Social Security benefits, at age 62, and you are eligible. to receive benefits from the Pension Plan, you can elect the. Social Security Leveling Option at the time you retire. With this option, your monthly pension benefit payment is. temporarily increased by the amount your estimated Social. Security benefit will be when you attain age 62. Starting the. second month after your 62nd birthday, your pension benefit. is permanently decreased by the amount of this previously. estimated Social Security benefit. There is no difference in the total amount you receive if you.