Defined Benefit Plan Reform > General Information
Changes do not affect current retirees or members who already switched to the Defined Contribution (DC) retirement plan during the open enrollment window in 1998.
Option 1: DB Classified. Remain in the DB plan for future service and contribute 4 percent of your annual compensation to the pension fund until you terminate employment.
Option 2: DB 30. Remain in the DB plan and contribute 4 percent of your annual compensation to the pension fund until you reach 30 years of service, and then continue service under the DC plan.
Option 3: DB/DC Blend. Become a participant in the DC plan for future service beginning April 1, 2012.
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