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[quote=Anonymous][quote=Anonymous][quote=Anonymous]New poster. I’ll hit 30 years at age 57. If I retire then, what am I giving up? What incentive do I have to wait until age 62? FYI that I’m 50 now.[/quote] - 5 years of earning - 5 years of pension - 5 years of COLA adjustment - 10% bump but you gain SS supplement until you turn 62. [/quote] I will also hit 30 years at age 57, so if I retired at 57 I would get 30% of my average high 3. If I wait until I’m 61 I would get 34% and waiting one more year to 62 would get me 38.5%. Both of my grandmothers lived into their 90s, my mother is healthy in her 80s and I’m in good health in my 50s so I want to maximize my pension given my life expectancy.[/quote]
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