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FEEDBACK
Tier Breakdown
Tier 1
- Employees appointed before 7/1/73
- Full benefits at age 55
- Fully funded by the State
Tier 2
- Employees appointed 7/1/73 - 7/26/76
- Full benefits at 62 with at least 5 years of service -- reduced benefits ages 55-61
- Fully funded by the State
Tier 3
The laws of 1998 improved the retirement benefits for Tier 3 members of the defined benefit plans. Check with the retirement system for details.
- Employees appointed 7/27/76 - 8/31/83
- Full benefits at 62 with at least 10 years of service -- reduced benefits ages 55-61
- Employees contribute 3% on all earnings for 10 years.
Tier 4
The laws of 1998 improved the retirement benefits for Tier 4 members of the defined benefit plans. Check with the retirement system for details.
- Employees appointed 9/1/83 - 7/15/92
- Full benefits at 62 with at least 10 years of service - no provision for earlier retirement, and benefit reductions for less than 25 years of service.
- Employees contribute 3% on all earnings for 10 years.
