Age requirements
65 or over
Service and other
10 or more pension credits.
Basic benefit
Sum of the annual Prior Service Benefit and Current Service Benefit divided by 12.
Maximum Effective 7/1/2007 |
|
|---|---|
| Pension credits annually | Monthly maximum benefit |
| 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 |
Maximum Prior to 7/1/2007 |
|
|---|---|
| Pension effective date (annuity starting date) | Maximum monthly pension |
| 1/1/1999 through 6/30/2007 | $6,000 |
| 1/1/1998 through 12/31/1998 | $5,000 |
| Prior to 1/1/1998 | $4,400 |
Minimum: $220 per month. Not applicable if you have fewer than 10 pension credits after excluding pension credit earned under the Alternative Eligibility Program.
- Five-Year Certain
- Ten-Year Certain Option
- Joint and Survivor Pension (50%)
- Joint and Survivor Option (75%) effective January 1, 2008
- Joint and Survivor Option (100%)
- Pop-Up Options
- Partial Lump Sum Option
Reduction factors: All forms of payment except the Five-Year Certain are reduced. For more information, contact us or call (800) 777-4013.