If you are aged 55 or over and leave service before your Normal Pension Date (65), you may choose to receive an immediate pension. However, the consent of the Company is required if you are younger than age 60.

The early retirement pension is calculated in the same way as for retirement at Normal Pension Date, but is based on Final Pensionable Salary and Pensionable Service accrued at your actual date of retirement.

However, if you choose to retire before age 60 your pension will be reduced for early payment. If you choose to retire after age 60 but before age 65 there will be no reduction for early payment.