Tier:
Base Plan
Eligible Members:
Hired before 6/30/2007
Vesting:
10 YCS
Age/YCS:
45/20
Benefit Formula:
Years of Credited Service x 2.75% x Final Average Salary
Final Average Salary:
Highest Consecutive 36 Months
Automatic COLA:
3% compound (begins at age 60, or 2 years post-retirement)
Benefit Tier Options:
Forward DROP eligible 45/20, no min months, still contributes to fund, no interest
Social Security:
No