If you decide to retire earlier than your Normal Retirement Date, your pension may be reduced to reflect the fact the Fund will be paying your pension to you for longer.
You can take benefits at any time on or after your 55th birthday (or age 50 if you joined the Fund before 6 April 2006). You can do this whether or not you continue to work.
The Government proposes to increase the earliest age at which you can retire to age 57 in 2028. More information on how this affects the Fund will be provided in the future once more details are known.
HM Revenue & Customs (HMRC) may allow you to take benefits earlier if you’re unable to work due to certain circumstances of serious ill health.