Early retirement.

I am 56 with 13.5 years of service with a California County. Our defined retirement benefit is calculated by multiplying the numbers of service years by 2.7 and this would be used percentage to calculate the retirement pay by multiplying it with the highest yearly salary. The 2.7 starts at age 55 and stays constant whether you retire at 55 or 65. I am thinking of retiring and I expect to receive $1500 a month but I still plan to work with another government entity for another 6 or 7 years with the same retirement benefit. Do you think it is to my benefit to retire now and receive my pension and then try to work another pension from another entity?
carlosv
Asked May 05, 2013

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