Definitions for "Early Retirement age"
The age at which you can retire before Normal Retirement and collect a pension benefit. This benefit is reduced to adjust for the greater number of pension payments you will more than likely receive.
Anytime between age 50 (or age 45 for those whose normal retirement age is 50) and normal retirement age.
An age specified in a pension plan that is earlier than the plan's normal retirement age but at which a plan participant can still receive an immediate pension benefit. The benefit received at early retirement is usually actuarially reduced from the amount that would have been received had retirement occurred at the normal retirement age. See also late retirement age and normal retirement age.