Group IV

Requirements:     55 years of age if less than 20 service years

                            20 year of service may retire at any age

                            If you are first employed after Jan 1, 1978, you must have 10 years of service

Directions:        Multiply the indicated percentage by the average of your 3 highest consecutive years salary

 

Factor 0.001 0.002 0.003 0.004 0.015 0.016 0.017 0.018 0.019 0.02 0.021 0.022 0.023 0.024 0.025
Age 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55-65
Service Years                            
10                             25
11                             27.5
12                             30
13                             32.5
14                             35
15                             37.5
16                             40
17                             42.5
18                             45
19                             47.5
20 2 4 6 8 30 32 34 36 38 40 42 44 46 48 50
21 2.1 4.2 6.3 8.4 31.5 33.6 35.7 37.8 39.9 42 44.1 46.2 48.3 50.4 52.5
22   4.4 6.6 8.8 33 35.2 37.4 39.6 41.8 44 46.2 48.4 50.6 52.8 55
23     6.9 9.2 34.5 36.8 39.1 41.4 43.7 46 48.3 50.6 52.9 55.2 57.5
24       9.6 36 38.4 40.8 43.2 45.6 448 50.4 52.8 55.2 57.6 60
25         37.5 40 42.5 45 47.5 50 52.5 55