This is a cash benefit either in monthly pension or lump sum paid to a member who can no longer work due to old age.

WHO MAY QUALIFY FOR A RETIREMENT BENEFIT?
  1. A member who is 60 years old, separated from employment or ceased to be self-employed, and has paid at least 120 monthly contributions prior to the semester of retirement
  2. A member who is 65 years old whether employed or not and has paid at least 120 monthly contributions prior to the semester of retirement

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