Tier:
Tier 1
Eligible Members:
Hired before 1/1/2018
Vesting:
Graded 100% at 20 YCS
Age/YCS:
50/20
Benefit Formula:
Years of Credited Service x 3.45% x Final Average Salary
Final Average Salary:
Highest 60 months, but not less than highest 36 months as of 12/31/2017
Automatic COLA:
None
Benefit Tier Options:
Retro DROP, 3 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
No