Deferring Your Retirement Benefit

If you end your state employment, you can delay receiving a monthly benefit until a later date. This is called a "deferred benefit." To qualify, you must have three years of service, if first hired before July 1, 2010, or five years, if hired after June 30, 2010.
 

Calculating your benefit
To calculate your estimated monthly benefit, we use the same factors that are used for a regular retirement benefit. For more details, see Benefit Calculation


Apply for your benefit
You can apply for your monthly retirement benefit to begin at age 50 or later. If you receive the deferred benefit before  age 55 (your full retirement age), it is reduced for each year and month you are under age 55.
 

You can apply for your benefit 60 days prior to the date you are eligible to receive the monthly benefit. See Apply for Retirement for a list of the forms you need to complete.