The benefit calculation for Early Service retirement is the same as that used for Ordinary Service retirement (see below). The only difference is that the years of service used in the calculation will be less than for a member who is eligible for an Ordinary Service Retirement.
| Plan | Basic Benefit Calculation |
|---|---|
| A & B |
2.8% x FAS x Years of Benefit Service x 1.03 |
| C | 2.8% x FAS x Years of Benefit Service |
* FAS stands for Final Average Salary, which is calculated as the average of the member’s highest 78 consecutive pay periods (36 months) salary