May 30, 1997 · “ (b) Unless the service is extended by appropriate authorities, retirement shall be compulsory for an employee at sixty-five (65) years of age with at least fifteen (15) years of service: …

For both the Final Pay and High-36 retired pay plans, each year of service is worth 2.5% toward the retirement multiplier. For example, 20 years of service would equal a 50% multiplier. The years of …

This average summarizes up to 35 years of a worker's indexed earnings. We apply a formula to this average to compute the primary insurance amount (PIA). The PIA is the basis for the benefits that …

As a retiring government employee, you may select an option that is applicable to your age and length of government service.

Old-age, survivorship and disability pensions are credited to the accounts of pensioners on the 8th day of every month through their Unified Multi-Purpose ID (UMID) or temporary eCard.

Review current VA pension rates for Veterans, including VA Aid and Attendance rates. If you qualify for these benefits, we’ll base your payment amount on the difference between your income for VA …

Apr 18, 2019 · The Member must have at least 30 years of Creditable Service, or be at least age 60 with 10 years of Creditable Service, to receive a Partial Lump Sum. More information about the Partial …

Jun 17, 2016 · In its simplest form, a plan might have $200,000 in assets designated for your pension. You might be offered a lump sum of $200,000 or monthly payments of $1,050 for life. It may not …

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Your basic annuity is computed based on your length of service and “high-3” average salary. To determine your length of service for computation, add all your periods of creditable service, then …