Early retirement

Retiring before the normal retirement age will affect your pension. Here are the key points to consider.

Introduction to early retirement

Different members of BC’s Public Service Pension Plan have different normal and earliest retirement ages. Most members in the plan are designated as regular members.

Depending on when you started your service, your pension may be affected by different plan designs. The rules in effect at the time you earn service will apply.

The Personalized Pension Estimator in My Account calculates your pension estimates with all the applicable rules.

If you are thinking about retiring before your normal retirement age, please note:

  • You will receive a reduced pension if you do not meet the minimum age and service criteria for an unreduced pension
  • You can buy a temporary annuity (full or half) to supplement your retirement income until you turn 65 or die, whichever happens first
  • When you retire, any extended health care and dental coverage you were receiving through your employer will stop. However, you can apply for extended health care and dental coverage through the Public Service Pension Plan when you apply for your pension