Retirement At A Glance
The following chart is a summary of the age and service requirements, and the straight life pension formulas for different retirement types.
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Retirement At A Glance
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Retirement Type
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Age & Service Requirements
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Straight Life Pension Formula
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| Full Retirement |
Age 60 with 10 years of service.
Age 55 and working with 30 years of service.
(Unclassified legislative, executive branch, and Department of Community Health employees involved in a facility closing need 5 years of service at age 60.)
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FAC x 1.5% x YOS |
| Early Reduced |
Age 55 with at least 15 years of service and less than 30 years of service. |
Straight life pension MINUS 1/2% for each month before age 60 |
| Covered Employees |
Age 51 with 25 years in a covered position.
*
Age 56 with 10 years in a covered position.*
*Your last 3 years must have been in a covered position.
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Pension until age 62:
(FAC x 1.5% x YOS) PLUS
(FAC x 1/2% x covered YOS)
Pension at age 62:
FAC x 1.5% x YOS
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| Conservation Officers |
Hired before April 1, 1991:
No age requirement; 25 years of service with 20 years as a conservation officer.*
Hired after April 1, 1991:
No age requirement; 25 years of service with 23 years as a conservation officer.*
*Your last 2 years must be as a conservation officer.
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2-year FAC x 60% |
| Community Health Facility Closures |
Age 51 with 25 years of service.*
Age 56 with 10 years of service.*
Any age with 25 years in a closing facility.
*Your last 5 years of service were in a closing facility.
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FAC x 1.5% x YOS |
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Duty Disability
Duty Death
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No age or service requirements. |
Please contact us. |
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Nonduty Disability
Nonduty Death
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No age requirement; 10 years of service. |
Please contact us. |
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