QUESTION: How can I code early retirement reduction factors that depend on service? Example: 6% reduction from age 65 with less than 30 years of service; 6% reduction from age 62 with at least 30 years of service.

ANSWER: Create a Benefit Component Table containing your early retirement reduction factors that is age by service. Specify factors reduced from age 65 in service columns 0-29, and factors reduced from age 62 in service column 30. Then, create a Benefit Formula Component (table type) which refers to this table. If applicable, specify the appropriate service for table lookup.