For example, if your NPA is 66, and you want to retire at the age of 59:
- Benefits built up between 1 October 2011 and 30 September 2020, which have an NPA of age 65, will be reduced based on you retiring six years early, by applying the factor 81.3% to those benefits.
- Benefits built up from 1 October 2020, which have an NPA of 66, will be reduced based on you retiring seven years early, by applying the factor 78.7% to those benefits.