Under Tier 3, a member is not eligible to retire unless one of two requirements are met. There are no early or reduced retirement benefits.
Nonhazardous Member Requirements
- Age 57 or older, if the member's age and years of service equal 87
- Age 65 with at least 60 months of service credit
Hazardous Member Requirements
- Any age with 25 or more years of service
- Age 60 with at least 60 months of service credit
Members who have both nonhazardous and hazardous service credit are eligible to retire if they meet one of the four requirements listed above.
Service Credit
Service credit is used to determine retirement eligibility but it is not part of the Tier 3 benefit calculation. Tier 3 members may be eligible to make six (6) different types of service purchases.