Grandfathered Normal Retirement Age

The 2011 SEBAC Agreement provided that the retirement age for Normal Retirement will increase by three years starting on July 1, 2022.  For Tier II and IIA members affected by this change, the SEBAC agreement allowed for an opportunity to pay an additional retirement contribution to maintain the current rules for normal retirement age beyond that date.  Selecting YES, NO, or N/A helps this estimator accurately calculate your future monthly benefit.

If you elected to be “Grandfathered” under today’s normal retirement age rules, you will see a deduction on your paycheck advice labeled “RetGrfSERS” (see arrow on example below). 

 

Proceed to the calculator input screen and check YES to Grandfathered Normal Retirement Age.

If you do not see the deduction mentioned above on your paycheck advice, you either chose not to grandfather under current rules OR based on certain criteria you were not affected by this future change. You can check NO or N/A and  proceed to the next step on the calculator input screen.

See your agency Human Resource Officer if you have any questions or need clarification regarding the election you made to grandfather your normal retirement age.