Service Retirement

Group II (Police and Fire) members vested prior to January 1, 2012

Group II members are eligible to retire at (1) age 45 with 20 years of Group II Creditable Service or (2) at age 60 regardless of their years of Creditable Service. Different provisions apply to members with Split Benefits.

Annual Pension Calculation

The following calculation is based on the maximum retirement allowance payable and does not include any applicable reduction under an Optional Allowance.

Average Final Compensation multiplied by 2.5% multiplied by Creditable Service
= approximate annual pension amount

Annual Pension Calculation Example:

A Group II member retires with 20 years of Creditable Service at age 45 with an Average Final Compensation of $40,000:

$40,000 multiplied by .025
= $1,000 multiplied by 20 years = $20,000 

See Filing for Benefits for deadlines and requirements.