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Retirement Overview
Retirement Overview
Full Retirement
Age & Service Requirements
- Age 60 with 10 years of service; or
- Age 55 and working with 30 years of service (YOS).
(Special group note: Unclassified legislative, executive branch, and Department of Community Health employees involved in a facility closing need 5 years of service at age 60.)
Straight Life Pension Formula
Final average compensation (FAC) multiplied by 1.5% multiplied by YOS.
Conservation Officers
Age & Service Requirements
- Hired before April 1, 1991: No age requirement; 25 YOS with 20 years as a conservation officer.*
- Hired after April 1, 1991: No age requirement; 25 YOS with 23 years as a conservation officer.*
*Your last 2 years must be as a conservation officer.
Straight Life Pension Formula
2-year FAC x 60%
Covered Employees
Age & Service Requirements
- 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.
Straight Life Pension Formula
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
Early Reduced
Age & Service Requirements
- Age 55 with at least 15 YOS and fewer than 30 YOS.
Straight Life Pension Formula
Straight life pension MINUS 1/2% for each month before age 60.
Duty Disability, Duty Death
Age & Service Requirements
- No age or service requirements.
Straight Life Pension Formula
Please contact us.
Community Health Facility Closures
Age & Service Requirements
- Age 51 with 25 YOS.*
- Age 56 with 10 YOS.*
- Any age with 25 years in a closing facility.
*Your last 5 YOS were in a closing facility.
Straight Life Pension Formula
FAC x 1.5% x YOS
Nonduty Disability, Nonduty Death
Age & Service Requirements
- No age requirement; 10 YOS.
Straight Life Pension Formula
Please contact us.