65 or over

1. 5 Years of Credited Service ; or
   
2. 5th Anniversary of Participation (with at least 1 Hour of Covered Employment after December 31, 1987) without a Permanent Break in Service, if earlier
   

In general, sum of:

1. $2.50 times Past Service
   
2. Future Service Pension Credit (for service credits earned between January 1, 2014 and December 31, 2020):
   $180 per Inside Wire Credit (also applies to future service credits earned between 6/1/1961 and 1/1/2014 if member accrued 3,000 hours since January 1, 2010, and does not have a Separation from Service. Otherwise, see Tables I, II, and III).
   
   Future Service Pension Credit (for service credits earned after January 1, 2021):
   $230 per Inside Wire Credit (subject to reversion – See: Notice of Pension Plan Benefit Improvement Effective January 1, 2021)

See also:
Notice of USERRA Rights
Pension Credit for Military Service
Pension Credit for Long-Term Disability
Delayed Normal Pension with no Retroactive Effective Date
Delayed Normal Pension with Retroactive Effective Date
Reciprocity

1. Single Life Annuity
   
2. 50% Joint and Survivor Annuity*
   
3. 66-2/3% Joint and Survivor Annuity*
   
4. 75% Joint and Survivor Annuity*
   
5. 100% Joint and Survivor Annuity*
   
   *with or without Pop-up Benefit
   Reduction Factors;
   All forms of payment except the Single Life Annuity are reduced.

See also:
Lump Sum Death Benefit
Mandatory Cash-Out of Small Benefits
Pension Enhancement Option

Recap of Circumstances That May Cause You to Lose Benefits
Returning to Work in the Electrical Industry After Retirement