In Army, majority of officers who seek premature retirement are in the rank of Colonel and Lieutenant Colonel. Criteria for acceptance of requests from.An officer granted PC is expected to serve till he or she attains the age of superannuation. So far, in 2015, 97 officers have opted for premature retirement. You cannot apply for premature retirement till you complete pensionable service of 20 years. You will be eligible for pension. The Queen's Regulations lay down the policy and procedure to be observed in the command and administration of the Army. It is clarified that premature retirement of Government servants under these rules is not a penalty. Association of Retired Faculty Veterans. This is an excellent "read" about ARF military heroes from World War II, most of whom are deceased.