If a SLEP Tier 2 member retires between the ages of 50 and 55, the pension will be reduced by 1/2% for each month the member is under age 55.
If the member retires under ERI, the IMRF ERI does not alter the existing pension reduction if a member retires before age 55. This reduction will apply if the member’s ERI enhanced age is less than 55. For details on IMRF's ERI, see 5.20 C. IMRF Early Retirement Incentive (ERI).