What are the eligibility requirements and benefits for a service retirement?
Normal Retirement: Age 62 with 10 or more years of credited service OR Age 55 with 30 or more years of credited service Early Retirement: Age 55 with 20 years of credited service Benefit reduced by 6% for each year under age 62 Vested Retirement: Age 65 with 10 or more years of credited service Your benefit will consist of a pension for life based on the formula: 1% X years of service X average final compensation (AFC) or salary Example:
