What Benefits Are Paid By CPF

Normal Retirement Benefit: Payable at normal retirement age (usually 65). It is a monthly benefit for life.

Early Retirement Benefit: Payable as early as age 55 with 10 years of service. It is equal to the Normal Retirement benefit reduced by 3% per year for years prior to age 65.

Special Early Retirement Benefit: Payable as early as age 55 with 25 years of credited service. It is reduced by 3% per year for years prior to age 62.

Special Retirement Benefit: Payable as early as age 62 with 25 years of credited service. It is equal to the Normal Retirement benefit without reduction.

Post-Retirement Surviving Spouse Benefit: Payable to the surviving spouse of a deceased retiree for life, at optional levels of 50%, 66-2/3%, 75%, or 100% of what the retiree was receiving. It is equal to the Normal Retirement Benefit with reductions because the benefit will be paid over two lifetimes.

Pre-Retirement Surviving Spouse Benefit: Payable at any age to the surviving spouse of a vested participant who dies before retirement. It is a lifetime benefit equal to 50% of the Normal Retirement Benefit. This does not apply if the Participant and their spouse have been married for less than one year.

Disability Benefit: Payable under age 55 with 15 years of service. It is equal to the Early Retirement Benefit at age 55.