How Much Monthly Pension Receives After Age 60 and Paid 120 Months Contribution
How much is the monthly pension of a member who retires after age 60 and who has contributed the required 120 monthly contributions?
The monthly pension shall be the higher of the following:
- the monthly pension computed at the earliest time the member could have retired had been separated from self-employment or ceased to be self-employed plus all adjustments thereto; or
- the monthly pension computed at the time when the member actually retires.
A pensioner who retires more than once shall be entitled to the higher of:
- the monthly pension computed for the first retirement claim; or
- the re-computed monthly pension for the new claim.