Health Care Reform: Safe Harbor for Determining Full-Time Employee Status. New guidance has been issued on two requirements under the Patient Protection and Affordable Care Act (the Act) that will become effective in 2014.
Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 will be reduced to 70 percent of the full benefit and benefits first taken at age 65 will be reduced to 86.7 percent of the full benefit.
When you can retire depends on your retirement plan. In most cases, you can retire at age 60, 62 or 65, with at least one year of creditable service immediately before you have reached your plan's normal retirement age. You can retire at any age, if you have at least 25 years of creditable service.n most cases, you can retire at age 60, 62 or 65, with at least one year of creditable service immediately before you have reached your plan's normal retirement age. You can retire at any age, if you have at least 25 years of creditable service.