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Can I Retire at 80?

Published in Retirement Planning 2 mins read

Yes, you can potentially retire at 80, but it depends on specific requirements regarding service years.

Understanding Retirement Eligibility

Based on the provided reference, here's a breakdown of retirement eligibility:

Normal Age Retirement:

The reference states that a person can retire under the following condition:

  • Any combination of age and service totaling 80 with at least five years of service credit.

Retirement at Age 80:

Given the above criteria, you can retire at 80 if you have at least five years of service credit. The reference states the age and years of service must equal 80, with a minimum service credit of 5 years.

  • Example: If you begin working at 75, and worked for 5 years, you would meet the service and age requirements to retire at 80.

Key Considerations:

  • Service Years: The most crucial factor is having the minimum required years of service credit.
  • Age + Service: Your age combined with your service years must equal or exceed 80.
  • Minimum Service: It is essential to remember the minimum of five years of service.

Summary

To clarify, while turning 80 alone does not qualify you for retirement, turning 80 and having accumulated at least five years of service credit would qualify you based on the provided information.

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