s.28Early retirement
28
Section 28Part 5 — Pension Benefits

Early retirement

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Upon the attainment of early retirement age, a participant shall be eligible to retire as a member or as Speaker with an immediate pension equal to his early retirement benefit, as determined by this section, based on the participant's age, pensionable service and final pensionable earnings at his actual date of retirement.
The early retirement benefit payable pursuant to subsection (1) subject to the limitations set out in this Law with respect to maximum pensions, shall, in the case of a participant who retires with one or more terms upon or after attaining early retirement age, but before attaining normal retirement age, be determined in the same manner as his normal retirement benefit except that —
the participant's pensionable service and final average pensionable earnings shall be determined on his actual date of retirement; and
the benefit so determined shall be actuarially reduced by the relevant early retirement reduction factor set out in the Plan actuarial tables to take into account the additional years prior to attaining normal retirement age that he shall be entitled to receive benefit payments.

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