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What happens if I want to retire early?

Tyne Bridge, Newcastle upon Tyne

Early retirement is generally available from age 55, however, the government intends to increase the minimum retirement age 57 from 6 April 2028.

If you are a member of the AE Section or the MP03 Section and are thinking of a different retirement date other than age 62, please complete a Selected Retirement Age (SRA) form. It’s good to let us know when you are thinking of retiring because if you are invested in any of the lifecycle options, your SRA will determine when your funds are switched to lower risk investments.

If you are permanently unable to continue in Pearson employment because of illness or injury, Pearson may agree to your retiring on an ill health pension, subject to appropriate medical evidence. In this case, you will be able to retire and begin receiving an ill-health pension, equivalent to 50% of your Pensionable Salary, even if you are under 55.

Please note: If you are a member of the AE Section of the Plan, no ill-health benefits are payable, although you may be able to access your benefits early if you meet the above conditions for ill health pension. 

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