Eligible Members:
All
Vesting:
20 YCS
Age/YCS:
50/20
Benefit Formula:
Years of Credited Service x 2.59% x Final Average Salary
Final Average Salary:
Highest 36 months
Automatic COLA:
Ad hoc based on financial condition of the fund as determined by the fund actuary.
Benefit Tier Options:
Retro DROP, 4 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
Yes