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Is service credit earned in the Member-Directed or Combined Plans?

April 26, 2017combined credit earned member-directed plans service

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Is service credit earned in the Member-Directed or Combined Plans?

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Member-Directed Plan Service credit is not a factor in determining your retirement benefits in the Member-Directed Plan. Member contributions, employer contributions, and the performance of the investment options you choose will determine your retirement benefits. Combined Plan Service credit in the Combined Plan is used to determine eligibility for, and the calculation of, a retirement benefit under the defined benefit portion of the Combined Plan. You must meet certain requirements to receive age and service retirement benefits under the Combined Plan.