Eligible Members:
Hired before 12/31/2004
Vesting:
On/after 1/1/2003: Graded 100% at 7 YCS
Age/YCS:
65/5
Benefit Formula:
Grandfathered employees with > 1 YCS after 12/31/2004: Years of Credited Service <= 35 YCS x 1.5% x Final Average Salary
Final Average Salary:
Highest consecutive 5 years within final 10 years
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes