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Comparison of PFRS Benefits

Tier 6 Benefit Information A comparison of key PFRS benefits including vesting contributions retirement age final average salary and benefit calculations

Becoming Eligible for a Benefit – Article 14 Benefits

… to receive a pension once you meet the minimum requirement of five years of service credit, even if you discontinue your public … age is the age at which you would have completed 20 years of service credit. The amount of your vested benefit will be …

Becoming Eligible for a Benefit – En-Con Police Officers Plan

… even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a  … vested benefit is based on your service, age at retirement and the salary you earned when you were an active member. … Police Officers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383b Covers pension …

Becoming Eligible for a Benefit – State University Police Plan

… even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested … vested benefit is based on your service, age at retirement and the salary you earned when you were an active member. … University Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383d Becoming Eligible for a …

Becoming Eligible for a Benefit – Career Plan

… retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a … Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by Article 11 …

Becoming Eligible for a Benefit – New Career Plan

Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits

… retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested …

Becoming Eligible for a Benefit – Police and Fire Plan

… Once you have accrued five years of credited service, you will be vested. This means you have … collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, age at …

Becoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

… Once you have accrued five years of credited service, you will be vested. This means you have … retirement benefit when you reach age 55. The amount of your vested benefit is based on your service, age at …

Becoming Eligible for a Benefit – Forest Rangers Plan

… retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a … Forest Rangers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383c Becoming …

Becoming Eligible for a Benefit – Regional State Park Police Plan

… retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collected a  vested retirement benefit  at age 55. Tier 6 members who are off public payroll may collect a … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers …

Comparison of ERS Benefits

…   Below is a comparison of Employees’ Retirement System (ERS) benefits by tier.  Tiers 3 & 4 Tier 5 … are limited to 30 years). See Tier 6 Member Contributions. Retirement Age Full benefits at age 62. Retire as early as … 30 years of credited service (see Reductions for Early Retirement below). No benefit reduction with at least 30 …

Are You Vested? And What It Means

… Are You Vested? Being vested means that you have earned enough service credit to qualify for a pension benefit once you meet the minimum age … 4 members who have at least five years of credited service are vested. As of April 9, 2022, Tier 5 and 6 members also …

The Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… 1 member, you will be eligible for a service retirement benefit when you reach age 60 and have five or more years of … of credited service, you may choose to retire with a full benefit at age 62 or between the ages of 60 and 62 with a … percent) of your FAS for each year of credited service; plus 1/70th (1.42 percent) of your FAS for each year of prior …

The Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… benefit when you reach age 55 and have five or more years of service credit under this plan earned after July 1, 1973. … you are a Tier 2, 3, 5 or 6 member with five or more years of credited service, you may choose to retire with a full benefit at age 62, or between the ages of 55 and 62 with a reduced benefit. 1 Regardless of tier, if …

Eligibility, the Benefit and Filing – Police and Fire Plan

… retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. … retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. 1 … you have received for military duty. If you made annuity savings contributions, your benefit will also include an …

Eligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits

… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members: You must have at least five years of service credit. You are eligible to retire with full … employers, you may be required to complete two years of service before you can retire under the benefits of this …

Eligibility, the Benefit and Filing – New Career Plan

… creditable service, regardless of age), you must retire by the first day of the month following your 70th birthday, even if you have not elected the special plan. The Benefit If you retire with 20 or more …

Eligibility, the Benefit and Filing – Career Plan

… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members:  You must have at least five years of service credit. You are eligible to retire with full … employers, you may be required to complete five years of service before you can retire under the benefits of this …

Service Retirement Benefit – State University Police Plan

… 1.66 percent of your FAS, up to a maximum of 15 years for Tier 1 members and seven years for Tier 2, 3, 5 and 6 members. Your total benefit cannot exceed 75 percent of your FAS if you are a Tier 1 member, or 61.67 percent of your FAS if you are a Tier … State University Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383d Service …