Now Showing: Pension Benefits Summary
Age
65 or over
Service & Other
10 or more
Pension Credits
Basic Benefit
Click here to view a step-by-step sample calculation with our
Sum of the annual
Prior Service Benefit
and
Current Service Benefit
divided by 12.
Maximum:
Prior to 7/1/2007:
$6,000 per month
Effective 7/1/2007:
Less than 20 Pension Credits:
$6,500 per month
20 through 29 Pension Credits:
$7,000 per month
30 through 34 Pension Credits:
$7,500 per month
35 or more Pension Credits:
$8,000 per month
Minimum: $220 per month. Not applicable if you have fewer than 10 Pension Credits after excluding Pension Credit earned under the
Alternative Eligibility Program
Delayed Retirement After 65
Forms of Payment
Five-Year Certain
Husband-and-Wife Pension (50%)
Joint and Survivor Option (75%)
effective 1/1/2008
Joint and Survivor Option (100%)
Pop-Up Options
Ten-Year Certain Option
Partial Lump Sum Option
Reduction Factors
All forms of payment except the Five-Year Certain are reduced.
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