Deferred Retirement
The deferred retirement benefit is designed to provide flexibility for members who leave the public service before age 45 with at least ten years of service. Instead of taking an immediate pension, members can postpone the start of their pension to suit their financial goal.
How the benefit works
- Your pension will be calculated under Regulation 8(4), just like a normal retirement pension.
- Commencement of payments is postponed until the last day of the month after one of the following ages:
- Judges: your pension begins after your 65th birthday.
- All other members: your pension begins after your 60th birthday.
Who qualifies?
You can opt for deferred retirement if:
- You have at least 10 years of service; and
- You leave employment before your 45th birthday
Flexibility to start early
You don’t have to wait until age 60 or 65 to draw your pension. Members entitled to deferred retirement may start receiving their pension earlier:
-
Judges: anytime between 45 and 65 years.
-
All other members: anytime between 45 and 60 years.
This flexible window allows you to choose a start date that best fits your personal and financial needs, ensuring you can balance income security with other life plans
Benefit Coverage
Pre-Retirement Death
Disability
Funeral
Post-Retirement Death
Forced Medical Retirement
Withdrawal