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- Benefit Formula
Tier | Formula (maximums) | Minimum Age |
---|---|---|
I | 3% at Age 60 | 50 with 10 Years 65 if hired before December 31, 1978 70 with any Years Any Age with 30 Years |
II | 3% at Age 60 | 55 with 10 Years 70 with any Years Any Age with 30 Years |
III |
2.43% at Age 65 | 55 with 10 Years 70 with any Years Any Age with 30 Years |
IV | 2.5% at Age 67 | 52 with 5 Years 70 with any Years |
Tier | Formula (maximums) | Minimum Age |
---|---|---|
I | 3% at Age 50 | 50 with 10 Years 65 if hired before December 31, 1978 70 with any Years Any Age with 20 Years |
II | 3% at Age 50 | 50 with 10 Years 70 with any Years Any Age with 20 Years |
III | 2.62% at Age 55 | 50 with 10 Years 70 with any Years Any Age with 20 Years |
IV | 2.7% at Age 57 | 50 with 5 Years 70 with any Years |