Benefit Calculation - Service Retirement Employees

Plan Basic Benefit Calculation PLUS Pre-Social Security Benefit
A & C

1.8% x FAS x Years of Benefit Service x 1.03

1.0% x FAS x Years of Benefit Service x 1.03

B & D

2.0% x FAS x Years of Benefit Service x 1.03

1.0% x FAS x Years of Benefit Service x 1.03

E

2.0% x FAS x Years of Benefit Service

None

* FAS stands for Final Average Salary, which is calculated as the average of the member’s highest 78 consecutive pay periods (36 months) salary

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