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Full Retirement

You qualify for a full retirement at any age with 25 years of service. Your annual retirement benefit is computed by multiplying your final average compensation (FAC) by 60 percent.

Eligibility

You are eligible to retire at any age when you have attained 25 years of service as an enlisted officer.

Pension eligibility formula. Any age with 25 years of service.

Calculation

Your pension formula multiplies your final average compensation (FAC) by 60 percent. Divide this amount by 12 for your monthly pension amount.

Pension formula. Final average compensation times 60 percent.

Your final average compensation (FAC) is your average annual salary of your last two years of service. Click to learn what counts toward your FAC and how to maximize it for your pension calculation.

To Apply

Download or request an Application for Retirement (R8501H). Click here for more details on How to Apply. Remember, you need to submit your completed retirement application forms at least 30 days but no more than 90 days before your retirement effective date. Your retirement effective date is the first day of the month following your separation from state employment.



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