Eligible Members:
All
Vesting:
20 YCS
Age/YCS:
50/20
Benefit Formula:
Years of Credited Service x 2.9% x Final Average Salary + (greater of: 2.9% x FAS or $58 x YCS 21 & 22) + $58 x YCS > 22
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