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Retirement Eligibility

​​​​​​​​​​​​Nonhazardous

 The requirements for an Unreduced Benefit are:

  • A nonhazardous member, age 57 or older, may retire with no reduction in benefits if the member's age and years of service equal 87 ​(Rule of 87).

  • A nonhazardous member, age 65, with at least 60 months of service credit may retire at any time with no reduction in benefits.

The requirements for a Reduced Benefit are:

  • ​A nonhazardous member, age 60 or older, with at least 120 months of service credit may retire with a reduction in benefits.

​If a member is eligible for a reduced benefit, the amount of reduction will depend upon the member’s age or years of service at retirement.

Reduced Benefit Chart: Years from an Unreduced Benefit
YearsEarly Retirement Factor
1 Year93.5%
2 Years87%
3 Years80.5%
4 Years74%
5 Years67.5%
6 Years63%
7 Years58.5%
8 Years54%
9 Years49.5%
10 Years45%

For example, a nonhazardous member has 10 years of service and is age 60. If the member chooses to retire, their benefit will be reduced to 67.5% (6.5% for each year away from age 65).

Hazardous

The requirements for an Unreduced Benefit are:

  • A hazardous member with 25 or more years of service may retire at any time with no reduction in benefits.
  • A hazardous member, age 60 or older, with at least 60 months of service credit may retire at any time with no reduction in benefits.

The requirements for a Reduced Benefit are:

  • ​​A hazardous member, age 50 or older, with at least 180 months of service credit may retire with a reduction in benefits.

​​If a member is eligible for a reduced benefit, the amount of reduction will depend upon the member’s age or years of service at retirement.

Reduced Benefit Chart: Years from an Unreduced Benefit
YearsEarly Retirement Factor
1 Year93.5%
2 Years87%
3 Years80.5%
4 Years74%
5 Years67.5%
6 Years63%
7 Years58.5%
8 Years54%
9 Years49.5%
10 Years45%

For example, a hazardous member has 15 years of service and is age 58. If the member chooses to retire, their benefit will be reduced to 87.0% (6.5% for each year away from age 60).


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