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The following table shows approximately how much your pension is reduced by if you are an active member of the scheme and choose to retire early. The reduction is applied to your pension before commutation (the exchange of some pension for a lump sum).

Age 64 63 62 61 60 59 58 57 56 55
Pension  5% 10% 14% 19% 22% 26% 29% 32% 35% 38%

If you retire between the ages shown the benefits payable will vary.

For more information please see the Early Retirement factsheet on our website.

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