Eligible Members:
Hired before 12/31/2010
Vesting:
100% as of 12/31/2018
Age/YCS:
65/5 or Rule of 85 with age >= 60 years
Benefit Formula:
Years of Credited Service (Frozen as of 12/31/2018) x 1.30% x Final Average Salary; plus a supplemental benefit for members active as of 12/31/2018 equal to an actuarially determined hypothetical benefit that would have been accrued had the plan not been frozen - [the frozen benefit + an actuarially determined hypothetical TCDRS benefit]
Final Average Salary:
Highest 3 years within final 10 years or Average monthly salary as of 12/31/2018
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes