Under the annual retirement test, you can still get all benefits due for the year if your earnings do not exceed the annual exempt amount. For the full retirement benefit, you must be 62 years old at retirement or, if you have 30 years of credited service, you may retire as early as age 55.Gov (Subject: Change of Bank) and provide the following:. You may need to fill out a new Direct Deposit sign-up form. Do not close your old account until payments have started coming to your new account. The site is designed to provide prospective, active and retired members with essential information about their retirement system. CalSavers is California's retirement savings program for workers who do not have a way to save for retirement at work. As a NYSLRS member, you are enrolled in something increasingly rare these days: a defined benefit plan.