December 11, 2018 19:52 Updated Follow No. If you're eligible to receive a pension benefit when you retire, you will receive this benefit for life. Related articles When do I get my retirement benefit? When can I retire from PERF or TRF? How may the proposed balanced budget amendment impact my pension? What is an actuary? I am a vested PERF Hybrid plan member. How can I receive an online retirement benefit estimate?