Actuarial Adjustment for late retirement

[IhrtERISA]

Hello everyone,

I am aware that an actuarial adjustment is done for retirement after normal retirement age. However, is an actuarial adjustment required/allowed if participant has not reached normal retirement age but is entitled to receive his service pension (e.g., before age 65 but after 25 years of service)? I have not been able to locate anything in the code discussing this issue.

Thanks

[SoCalActuary]

The benefit you describe is usually considered a subsidized early retirement option, not a normal retirement benefit.

So my answer is that you won't find a statutory authority to give actuarial increase on this subsidy.