You can retire as early as age 55. You’ll be considered a PG&E retiree from the first of the month after you terminate PG&E employment, even if you haven’t submitted your pension paperwork.
Your retirement date and pension start date are usually the same:
|Retirement date||Pension start date|
First of the month after you terminate PG&E employment if you’re 55 or older
To qualify for retirement on your last day of employment, you may be:
First of the month when you begin receiving pension payments
Your first pension payment will be made in the second month following your pension start date, and will include your first and second month’s payment.*
*Are you a cash balance participant electing a lump sum? You’ll receive your one-time benefit after the PG&E Pension Center receives your timely, complete paperwork—typically the first of the month after your retirement date. If your paperwork is late, incomplete or incorrect, your payment will be delayed.