Eligible Members:
All
Vesting:
Graded 100% at 20 YCS
Age/YCS:
55/20 or 50/25
Benefit Formula:
58.4% x Final Average Salary + 2.275% x Final Average Salary for YCS >20
Final Average Salary:
Highest 60 months
Automatic COLA:
None
Benefit Tier Options:
Retro DROP, 2 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
Yes