Most Tier 6 members are eligible for a service retirement benefit at age 63, or they can choose to retire as early as age 55 with a reduced benefit. This summary is designed to help you understand your PFRS retirement benefits and become familiar with the services we offer.Self-Employed Retirement Plans. Estimate the maximum contribution amount for a Self-Employed 401(k), SIMPLE IRA, or SEP. Learn about the 2025 contribution limits for different retirement savings plans including 401k, 457, 403b, 401a and IRAs. (Includes catch-up contributions). Nassau Simple Annuity is a multi-year guaranteed annuity that offers you protection from market volatility, a choice of 4 or 6 year guarantee periods. Retirement of members in the Nassau county police department. a. As used in this section, the following words and phrases shall have Maximum service for pension is 40 years, or; 480 months.