§ 21062 Early Retirement Pension Reduction

• •If you're a local safety worker (like a cop or firefighter) and you're at least 50 years old with 5 years of work, you can retire early if you want.
• •If you retire before you turn 55, your pension money will be less because it's being paid out for a longer time.
• •The amount you get is calculated using your age, how long you worked, and some math tables to figure out the fair amount.

A firefighter who is 52 years old and has worked for 20 years decides to retire.

Because the firefighter is retiring before turning 55, their pension will be smaller than if they waited until they were 55. The pension amount is calculated based on their age and work time, using special tables to make sure it's fair.