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Early Retirement Factors (ERFs)

Location: About Your Pension -> Scheme Booklet -> Changes -> Full E R Fs

The G.E.C. 1972 Plan – Early Retirement Factors

Reduction
Age at Retirement Basis 1 Basis 2 Basis 3
50 54.0% 69.4% 55.7%
51 52.0% 67.2% 53.6%
52 49.8% 64.7% 51.4%
53 47.5% 62.1% 49.0%
54 45.0% 59.2% 46.4%
55 42.3% 56.0% 43.7%
56 39.4% 52.5% 40.7%
57 36.3% 48.8% 37.6%
58 33.0% 44.6% 34.1%
59 29.4% 40.0% 30.4%
60 25.5% 34.9% 26.4%
61 21.2% 29.3% 22.0%
62 16.6% 23.2% 17.2%
63 11.6% 16.3% 12.0%
64 6.1% 8.6% 6.3%
65 0.0% 0.0% 0.0%