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New Member
posted Jun 4, 2019 4:24:41 PM

How do I know what the minimum retirement age is?

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4 Replies
Expert Alumni
Jun 4, 2019 4:24:42 PM

You must ask the employer what they consider the minimum retirement age; unless you can find it in your personal documents you might have received from your employer. You can't just guess that.  In general, the minimum retirement age is the earliest age that you are eligible to receive a pension or annuity from your employer. Most often it is the age of 55, but it can vary from one employer to another. 

New Member
Jun 4, 2019 4:24:44 PM

My question is about Florida Retirement System.  Full retirement is at 62.  Before 62, retirement can be taken but at 5% fewer benefits.  7 years to be vested in system.

Expert Alumni
Jun 4, 2019 4:24:45 PM

If your employer set the age at 62, then this is the age that you would enter in TurboTax interview...

Alumni
Jan 18, 2021 5:18:04 AM

I believe the correct answer should be whatever age the OP could get REDUCED retirement from Florida Retirement System (which would meet the IRS definition of "minimum retirement age" for disability vs. pension purposes), NOT the FULL retirement age of 62. That is why the most common answer (as in the first answer) is age 55, *not* 65; most plans (including mine) permit reduced early retirement within 10 years of full retirement age. Would strongly recommend that the OP contact Florida Retirement System for clarification.