I retired in 2007 when my employer closed the facility I worked at. My pension has been $2893 prior to taxes, $2432 after taxes. I received a letter saying that, because I turned 62 on May 9, as of July 1 my pension payment will be reduced to $1560 before taxes; probably around $1100 after taxes. I cannot get by on that. It says I “have reached the age at which you are eligible to begin receiving Social Security Retirement benefits at the 80% level.” But if I do that, if I understand correctly, my benefit will be reduced PERMANENTLY. Is this tactic legitimate, or do I have recourse of some sort? I checked and my benefit now (permanently) would be $1574/month, at 66 it would be $2087/month and at 70 would be $2755/month. Naturally, I would like to wait, but cannot get by on $1100/month.