Retirement Systems Alert:

Service Retirement - Uniformed

Service retirement is for employees who are one of the following:

Eligible for a full retirement benefit (Ordinary Service Retirement)

Eligible for an early retirement benefit (Early Retirement)

Vested but not eligible for an ordinary or early retirement benefit (Deferred Vested Retirement)

Each of these will be discussed in the sections below.

Ordinary Service Retirement

Plan	Basic Benefit Calculation	PLUS Pre-Social Security Benefit
A & B	2.0% x FAS* x Years of Benefit Service x 1.03	0.2% x FAS* x Years of Benefit Service
C, D, & E	2.5% x FAS* x Years of Benefit Service x 1.03	0.3% x FAS* x Years of Benefit Service
F	2.5% 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

Note: For Plans A and B, the Pre-Social Security Benefit is paid as follows:

Payable only until age 62; based on Social Security benefit that would have been payable if the member had been 65 at the time of retirement. Benefit is pro-rated for those with less than 25 years of service.
Plan A, begins at age 55.

Early Service Retirement

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	PLUS Pre-Social Security Benefit
A & B	2.0% x FAS* x Years of Benefit Service x 1.03	0.2% x FAS* x Years of Benefit Service
C, D, & E	2.5% x FAS* x Years of Benefit Service x 1.03	0.3% x FAS* x Years of Benefit Service
F	2.5% x FAS x Years of Benefit Service	None

Deferred Vested Retirement

Benefits are calculated at 2% times the member's Final Average Salary (FAS*) times the member's service. The total is then increased by 3%.

Unused sick leave may be credited as service. Ordinary Disability Retirement allowance shall not be greater than sixty percent (60%) of the member's final average salary.