A member may begin the “activation” process for the LIS as early as age 60. For members desiring to retire under the age of 60 and utilizing the LIS, a special arrangement has been made to permit this, primarily so that insurance benefits can begin on the date of retirement. This is a complex process that requires calculations to estimate the benefit at age 60. That amount will then be withdrawn, usually from the non-secured portion of the LIS for each month the member is under the age of 60. Members are strongly encouraged to have a counseling appointment to gain a better understanding of how this process will work.
