From targetpayandbenefits.com info page.
Retiree Discount and Retirement Gift
- You may be eligible for the Target retiree discount privilege, as well as a retirement gift, if you meet all of the following criteria:❏❏ Are at least 55 years old when you leave the company.
❏❏ Have 10 years of credited and continuous service, starting after your latest hire date. A year of credited service is a calendar year in which you were paid for 1,000 or more hours. (If you were age 45 or older and an active team member on December 31, 2002, five years of credited and continuous service will qualify under the grandfathered rule. Note: If you left the company and were rehired January 1, 2003 or after, you need to meet the 10-year eligibility rules.)
If you are eligible for a retirement gift, you will receive information in the mail approximately two months after your retirement date.