Eligible Members:
All
Vesting:
Graded 100% at 20 YCS
Age/YCS:
50/20
Benefit Formula:
53% x Final Average Salary + $90 x YCS > 20
Final Average Salary:
Highest 60 months
Automatic COLA:
None
Benefit Tier Options:
Retro DROP, 3 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
Yes