Definitions for "Deferred Retirement"
When the employee works past normal retirement age. arly Retirement Age — An age, established by the terms of an employee pension benefit plan, that is earlier than normal retirement age, at which a participant may retire and receive benefits (usually reduced) under the plan.
an option to maintain group life and health coverage for insureds who leave state service and are eligible for a pension, but are not yet receiving a pension.
Refers to a Constitutional Officer, legislative employee, Legislator, or Judge who leaves employment but does not directly retire. The Retirement Law allows these members to continue some benefits. If this situation applies to you, you should contact CalPERS to ensure you follow all the steps needed to protect your benefits.