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Introduction
Plan Membership
Eligibility Requirements
Benefit Calculation
Survivor Benefits
Insurance: Health, Dental, and Life
The Retirement Process
Sources of Information
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Tier 1 Estimator
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Eligibility Requirements
- Assuming a direct transition from state service into retirement,
any Tier I member with a minimum of 10 years of Actual State Service
may retire as early as the first of the month following their
fifty-fifth birthday.
- Please refer to the following chart for the specific eligibility
requirements for the various types of retirement.
|
Retirement Type |
Age And Service Requirements For Commencement
Of Pension Benefits |
Entitled To COLA |
|
Normal |
Age 55 with 25 Years Service Credit
Age 65 with 10 Years Service Credit
Age 70 with 5 Years Service Credit |
Yes
Yes
Yes |
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Early |
Age 55 with 10 Years Actual
State Service
Age 60 with 10 Years Service
Credit |
Yes
Yes |
Vested Rights*
|
Age 55 with 10 Years Actual
State Service (with the last five years continuous )
Age 60 with 10 Years Credited
Service (with the last five years continuous)
|
Yes
Yes
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* Members who left state service after satisfying the
minimum service credit requirement, but before satisfying the minimum
age requirement.
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