There’s minimum retirement age to begin drawing the pension and there’s being able to afford it. Usually drawing at the minimum age you can leads to a smaller pension.
I worked briefly for the Parks Service. Theoretically I could have retired 57 if I stayed in, but the math became more favorable at my salary if I stayed in until I was 60 to 62. Which is still better than average, but not quite as amazing as it looks on paper
There are definitely formalae related to tenure and age. My sister will have put in 25 years with the county library system when she’s 48, which is how that math works. I know a guy who retired from the city government where I live a couple years ago at 53 and draws that pension. He went back a year later at a lower level position with little responsibility and earns that salary now in addition to his pension
There’s minimum retirement age to begin drawing the pension and there’s being able to afford it. Usually drawing at the minimum age you can leads to a smaller pension.
I worked briefly for the Parks Service. Theoretically I could have retired 57 if I stayed in, but the math became more favorable at my salary if I stayed in until I was 60 to 62. Which is still better than average, but not quite as amazing as it looks on paper
There are definitely formalae related to tenure and age. My sister will have put in 25 years with the county library system when she’s 48, which is how that math works. I know a guy who retired from the city government where I live a couple years ago at 53 and draws that pension. He went back a year later at a lower level position with little responsibility and earns that salary now in addition to his pension