Level Income Option

Post

If you retire prior to age 62 and are fully insured under Social Security at the time of retirement, you may elect to have retirement benefits increased until age 62. At age 62, your monthly retirement benefit from VCERA will be significantly reduced by an amount that is the actuarial equivalent of the payments that have been advanced as the result of selecting this option. If you are retiring for disability, you are not eligible to elect this option.