Whether it is cost-effective for retirees of government agencies and institutions to retire early during the transition period needs to be judged according to their personal circumstances.
From October 2014, a ten-year transition period was established for the establishment of public institutions, which will last until September 2024. Those who retire within this decade are called "middle people", and they can enjoy a combination of old and new methods in pension calculations to ensure that their pensions are not affected to the greatest extent. In addition, if the staff of government agencies and institutions have worked for 30 years or more, they can apply for early retirement.
Everyone may have different perspectives on the benefits of retiring during the transition period and whether early retirement is cost-effective. If social security benefits are taken into account alone, early retirement is more advantageous because you can receive your pension earlier. However, it is also necessary to consider that after retirement, you will no longer enjoy the on-the-job salary of the original employer, as well as the difference between the on-the-job salary and the pension.
Therefore, for this issue, everyone's situation is different, and the choice will be different. Some people may want to retire early, even if the pension is less; Others may want to continue working for a few more years to earn an on-the-job salary to make up for the lack of pension. The final decision should be made on an individual basis!