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Covered Employees and Conservation Officers |
Covered Employees
If you're a covered employee (responsible for the care and supervision of prisoners), you
may qualify to receive a supplemental pension in addition to your regular
pension until age 62 if you meet eligibility requirements. To calculate your pension, figure your straight life pension (final average compensation times 1.5 percent times your
years of service) and add it to your supplemental pension (final average compensation times 0.5 percent times your covered
years of service). The month after you turn
age 62, your supplemental pension will stop and you will receive your regular pension only.
If you're in the DB/DC Blend plan, you'll still receive
your supplemental pension if you meet eligibility requirements when you
terminate employment. Your FAC and years of service are both determined as of
the day before you begin in the DC plan.
After you calculate your straight life benefit, you can go on to figure your pension under any of the survivor options. Because covered employees qualify under special eligibility rules, you cannot choose the early reduced benefit or equated plans.
Conservation Officers
If you're a conservation officer, your annual pension will be 60 percent of your 2-year
FAC.
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