Note: Rehire dates can affect Group designation. Members should check with the System upon rehire to determine their Group.
Members are eligible for normal, unreduced retirement when they meet one of the following age and service requirements, excluding pre-membership military service:
Retirement Benefit Life Annuity Calculation
The basic retirement benefit Life Annuity is calculated by using the following formula. The monthly annuity benefit payment begins the month following the member's retirement from the System. The formula is the multiplier times the years of creditable service times the average monthly salary for the highest number months assigned within the group of the last ten (10) years of contributing service. Example:
Although the separation date from the Police Department may be any day throughout the month, pension benefits are paid on the last day of every month.