Retirement Eligibility - Tier 1
Normal Retirement
TIER 1 Members are eligible to retire from PERA when they meet the age and service credit requirement for the plan they participate in. You are a TIER 1 member if you were hired for the first time on or before June 30, 2013; and had member contributions on account as of June 30, 2013; or were retired as of June 30, 2013. The normal age and service credit retirement eligibility requirements for TIER 1 members are listed below:
Age 65 with 5 or more years of service credit.
Age 60 or older with 20 or more years of service credit; or
Age 61 or older with 17 or more years of service credit; or
Age 62 or older with 14 or more years of service credit; or
Age 63 or older with 11 or more years of service credit; or
Age 64 or older with 8 or more years of service credit; or
Any age with 25 or more years of service credit; or
Any age with 25 or more years of service credit; or
Age 60 or older with 20 or more years of service credit; or
Age 61 or older with 17 or more years of service credit; or
Age 62 or older with 14 or more years of service credit; or
Age 63 or older with 11 or more years of service credit; or
Age 64 or older with 8 or more years of service credit; or
Age 65 with 5 or more years of service credit.
Any age with 20 or more years of service credit; or
Age 61 or older with 17 or more years of service credit; or
Age 62 or older with 14 or more years of service credit; or
Age 63 or older with 11 or more years of service credit; or
Age 64 or older with 8 or more years of service credit; or
Age 65 or older with 5 or more years of service credit.
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