Retirement Benefit (Normal Retirement)

A Retirement Benefit is available to an eligible participant who is age 55 or older and is retired from covered employment.

You are eligible to receive a Retirement Benefit when you meet the following requirements:

  • You are vested, and
  • You are age 55 or older, and
  • You are retired from covered employment with covered employers.

If you do not meet the above requirements, you will not be eligible to receive the balance of your individual account from NEAP until you meet them or meet the requirements for a Withdrawal Benefit or a Disability Benefit.

Your balance will continue to reflect NEAP's investment performance as long as it remains in NEAP. Remember that once you are vested, you have a right to a benefit from NEAP. You cannot lose that right once you have earned it.

To download a Retirement Benefit Application Package click here.

To assist you in completing the application, a brief tutorial can be viewed. The tutorial highlights the various parts of the application and what information is required.