Eligible Members:
All
Vesting:
20 YCS
Age/YCS:
50/20
Benefit Formula:
50% x Final Average Salary + $54.50 x YCS > 20
Final Average Salary:
Highest 60 consecutive months
Automatic COLA:
None
Benefit Tier Options:
Forward DROP, 2 yr. max. Employee contributions and COLA credited, no interest. Or, Retro DROP, max 2 years. Employee contributions credited, no interest or COLA. Benefit credits adjusted for payment form.
Social Security:
Yes