Do Early pensioners have their percentage factor increased as they get older?

No. The Early Percentage Reduction Factor stays constant for the life of the pensioner. An individual who retires at age 52 will receive 70% of the Regular Pension benefit for his lifetime, unless he incurred a break in employment. The percentage will not increase or change as he approaches Regular Retirement age.

Additionally, if the Early Pensioner returns to covered employment, when he re-retires the Early Percentage Factor based on his age at re-retirement will be applied to the new hours worked.

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