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Retirement at a Glance |
|
The following chart is a summary of the age and service requirements for
different retirement types and the pension calculation for each.
|
RETIREMENT TYPE |
AGE & SERVICE
REQUIREMENTS |
PENSION FORMULA |
|
|
Full
Retirement |
Any
age with 25 years of service. |
FAC x 60% |
|
Deferred Retirement |
Age
50 with 10 or more years of service. |
FAC x 2% x Years of Service |
|
Duty
Disability |
No
age or service requirements. |
FAC x
60% |
|
Nonduty Disability |
No
age requirement; 10 or more years of service. |
FAC x
2.4% x Years of Service |
|
Duty
Preretirement Survivor |
No age or service
requirements. |
FAC x
60% |
|
Nonduty Preretirement Survivor |
Active member at death
- No
age requirement; 10 or more years of service. |
FAC x
2.4% x Years of Service |
| Deferred member at death
- 10 or more years of service. The benefit is payable the first of the
month following the date you would have reached age 50. |
|
Survivor Pension |
Your
spouse or eligible dependents may receive your pension if you die as a
retiree. |
Same
benefit as deceased retiree |
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