Important Notice

You are receiving this notice because you have been identified as a non-hazardous duty participant in either SERS Tier II or SERS Tier IIA or Hybrid Retirement Plan who was employed prior to July 1, 2011 and are still actively employed. The opportunity described below should only be considered if you will not reach your Normal Retirement Date prior to July 1, 2022, you anticipate retiring on or after July 1, 2022 and would like to retain the current Normal Retirement Date (NRD) after that date.

Beginning July 1, 2022 Normal Retirement Date will be raised to age 63 with 25 years of service or age 65 with 10 years of service. It is raised for anyone employed on or after July 1, 2022, that had not previously attained their Normal Retirement Date. The higher normal retirement ages apply only to years of service worked on or after 7/1/2011. This letter explains an opportunity for eligible members to make a one-time irrevocable option to retain a normal retirement date of age 60 with 25 years of service or age 62 with 10 years of service. Choosing this option will require an additional contribution on a continual basis beginning the first full pay period following 7/1/2013 through separation from service or until you reach the new retirement age.

You are eligible for this one-time irrevocable opportunity if you are a current, active member of the above groups and were employed prior to July 1, 2011 and will not reach your Normal Retirement Date until July 1, 2022 or after.

All employees who will not have already attained their Normal Retirement Date by July 1, 2022 are required to complete the Option to Retain Grandfathered Normal Retirement Date for the State Employees Retirement System form  (CO-1094) in order to opt in or waive this opportunity. Please obtain this form at your Human Resources office or by visiting the State Comptroller's website at http://www.osc.ct.gov/  and clicking on the red hotlink button. Additionally, a comprehensive list of FAQ's and an online calculator are also available through this link.

The forms must be completed and signed prior to July 1, 2013 and returned to your Human Resources Office. Should you need assistance in completing this form, please contact your authorized Human Resources Officer. Once we receive your paperwork for this election it cannot be revoked for any reason.

 

Return to Retirement Services Memorandum 2013-02a

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