Pension Group 2: Retire at age 52 with 30 years, defer pension until age 60 allowed?
I was playing with the pension calculator and was wondering about this sentence in brackets:
"If you begin to participate in the plan on or after January 1, 2013, you are eligible to draw an unreduced pension benefit at age 65 with at least two years of pensionable service (or age 60 with 30 years of pensionable service)."
Does this mean in theory if I retire at age 52 (started at age 22) with 30 years of service, I can get unreduced pension at age 60? This would mean from age 52 to 60 when I leave the workplace and I would just have to fund myself for 8 years. Then at age 60 pension kicks in since I'm now age 60 with the 30 years of service?
Also at age 60 when pension kicks in, can I pay for/apply for the retirement health care/dental care? My understanding for retirement health care is you need at least 6 years of service and be recieving GoC pension payments. I'm not sure about rules for dental care side.
The pension calculator when I put in 30 years of service leaving at age 52, it says the deferred no penalty pension starts at age 65 not age 60. But if I put 33 years of service leaving at age 55, it now says the deferred no penalty pension starts at age 60. Is there something with leaving the workplace at age 55?
Trying to figure out the earliest I can leave the GoC as someone who started at age 22, fund myself for a few years until age 60 for the unreduced pension as a Group 2 member. I want to have at least 30 year of service to get the unreduced pension at age 60.
Thank you!