Office of the State Comptroller
Retirement Services Division
 

Hazardous Duty - Retirement Basics

Revised September 2013

Introduction

Welcome to the Hazardous Duty Retirement Counseling Workshop. Our goal is to provide the same information in this setting that we provide in our traditional counseling sessions. Therefore, this is not a verbatim recital of each and every retirement provision. Rather, this is a general explanation of the most important retirement issues and considerations.

If you fall within our target audience-current hazardous duty state employees transitioning directly from state employment into retirement-we hope to provide you with the information you will need to make informed retirement decisions.

While this workshop is meant to be helpful and informative, nothing contained in it should be considered a promise or contract. The applicable retirement statutes, regulations, and decided cases that construe them are the governing law. The Retirement Services Division reserves the right to revise, change or revoke without notice the information, rules and procedure detailed in this workshop.

Eligibility Requirements

Benefit Calculation

Estimator
Formula and Factors
Service Credit
Part-Time Service
Average Salary
Cost of Living Adjustment


Hazardous Duty Benefit Estimator:

Hazardous Duty Benefit Formula and Factors:

2.5% (.025) X Hazardous Duty Service up to 20 years X Average Salary

PLUS

2% (.02) X Credited service over 20 years * X Average Salary


* Which could include service for state jobs not classified as hazardous duty as well as other credited service.

Retirement Service Credit:

** Service Credit for which retirement credit has been confirmed by the Retirement Services Division

Part-Time Service:

Average Salary

Cost of Living Adjustment

60% of the annual CPI-W increase up to 6%

PLUS

75% of the annual CPI-W above 6%

Survivor Benefits

Overview
Option D - Straight Life Annuity
Option A - 50% Spouse
Option B - 50% or 100% Contingent Annuitant
Option C - 10 Year or 20 Year Period Certain
Spousal Waiver
Benefit Payment Options and Health Insurance 

Overview

Option D - Straight Life Annuity

Option A - 50% Spouse

Option B - 50% or 100% Contingent Annuitant

Option C - 10 Year or 20 Year Period Certain

Spousal Waiver

Benefit Payment Options and Health Insurance

Insurance: Health, Dental, and Life

General Eligibility Requirements for Health and Dental Insurance
Open Enrollment
Available Health Insurance Plans - In-State Retirees
Available Health Insurance Plans - Out-of-Area Retirees
Health Enhancement Program
Medicare's Impact on Retiree Health Insurance
Available Dental Plans
Group Life Insurance 

General Eligibility Requirements for Health and Dental Insurance:

Open Enrollment

Available Health Insurance Plans - In-State Retirees

Available Health Insurance Plans - Out-of-Area Retirees:

Health Enhancement Program (HEP)

Medicare's Impact on Retiree Health Insurance:

Available Dental Plans

Group Life Insurance

The Retirement Process

Notification to Agency
Required Forms
Audit Process
Pension Checks
Agency Payouts
Re-Employment
5-142(a) Disability Compensation
Counseling Services
Other Resources 

Notification to Agency

Required Forms

Audit Process

Pension Checks

Agency Payouts

Re-Employment

5-142(c) Disability Compensation

Sources of Information


Counseling Services:

Other Resources:

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