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How does the 75% at 30 years of service compute with the new rate of 2.67%?

April 26, 2017compute rate service

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How does the 75% at 30 years of service compute with the new rate of 2.67%?

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Service credit earned before July 1, 2001, will be calculated using the 2.5% multiplier. Service credit earned on or after July 1, 2001 will be calculated using the 2.67% multiplier. Members may reach the 75% Service Time Factor before completing 30 years of service. Members newly enrolled in PERS on or after January 1, 2010 receive 2.5% for all service earned and are not entitled to the 2.67% Service Time Factor. Return to Question.

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Service credit earned before July 1, 2001, will be calculated using the 2.5% multiplier. Service credit earned on or after July 1, 2001 will be calculated using the 2.67% multiplier. Members may reach the 75% Service Time Factor before completing 30 years of service. Return to Question.