Section 20.06. Early retirement reduction factors.

Latest version.

Pursuant to s. 40.23 (2) , Stats., this section applies only to participants who are not participating employees after March 9, 1984. In computing a formula annuity in the normal form beginning prior to the normal retirement date of a participant, there shall be a .5% reduction for each month the participant's age is under 65 but at least 60 and a .4% reduction for each month the participant's age is under 60.

Cr. Register, June, 1979, No. 282 , eff. 1-1-80; renum. from ETF 7.02 (2), Register, November, 1982, No. 323 , eff. 12-1-82; am. Register, March, 1986, No. 363 , eff. 4-1-86.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');