When you can take money from your pension pot will depend on your pension scheme's rules, but it's usually after you're 55. Early Retirement: Below 65.On average, men retire at the age of 64, while women retire when they turn 62. The earliest age you can take your pension will increase from age 55 to 57 from 6 April 2028. This will apply to flexible retirement too. You must submit your application prior to your last day on City payroll with a retirement date being the day after your date of separation. If you retire early, or stop work due to redundancy, ill-health or other reasons, your State Pension and other pensions you're entitled to may be affected. You can currently retire from the Scheme as early as age 55, although the government has announced that this will increase to age 57 from 2028. The Federated City Employees' Retirement System (System) is a defined benefit retirement plan serving the employees and retirees of the City of San José.