Eligible Members:
All
Vesting:
Varies by plan: 5, 8 or 10 YCS
Age/YCS:
Varies (60 with 5, 8 or 10 year vesting, Rule of 75 or 80, or 20 or 30 YCS)
Benefit Formula:
Lifetime Monthly Benefit based on employees account balance - Employee contribution grown at 7% compounded annually, matched at a specified percent by the employer
Final Average Salary:
N/A
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Varies