Article II 2.05 Amount of Early Retirement Pension 

The early retirement pension shall be calculated by multiplying the amount of the deferred retirement pension by the appropriate factor in the following tables:  

a) For members who joined the Fund on or before 30 June 1987 

Age at first payment of the early retirement pension	Factor (%)
60 to 64	100.0
59	93.3
58	87.2
57	81.7
56	76.7
55	72.1
54	67.8
53	63.9
52	60.3
51	57.0
50	54.0

b) For members who joined the Fund between 1 July 1987 and 31 December 2011, inclusive

Age at first payment of the early retirement pension	Factor (%)
64	94.7
63	89.9
62	85.4
61	81.2
60	77.3
59	73.7
58	70.4
57	67.2
56	64.3
55	61.5
54	58.9
53	56.4
52	54.1
51	51.9
50	49.9

c) For members who joined the Fund on or after 1 January 2012

Age at first payment of the early retirement pension	Factor (%)
66	94.5
65	89.4
64	84.7
63	80.4
62	76.4
61	72.7
60	69.2
59	66.0
58	63.0
57	60.2
56	57.6
55	55.1
54	52.8
53	50.6
52	48.5

For the purposes of application of Article II 2.05 of the Rules of the Fund, periods falling between two factors are calculated in months in accordance with the linear interpolation method.