NHRS provides four types of retirement benefits:
Service | Early Service | Vested Deferred | Disability
Nearly 90 percent of NHRS retirees receive Service or Early Service retirement pensions; Service, Early Service, and Vested Deferred retirement pension benefits are calculated based on three factors: years of creditable service, average final compensation (AFC) - which is the average of a member’s three or five highest-paid years (depending on vested status as of January 1, 2012) - and a benefit factor that is different for members of Group I and Group II.
Retirement Benefit Summaries
Benefit eligibility and pension formulas vary depending on membership status as of July1, 2011, and/or vested status January 1, 2012.