Regular Employees
Computing Retirement Benefits for Regular Employees
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| Semi Monthly Retirement Amount: |
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Disclaimer
The calculator on this page may be used to estimate your potential service retirement benefits. This calculator allows you to enter information to obtain an unofficial estimate of your GERS benefit. This is not an official GERS estimate, and it does not include all retirement options available to GERS members. The GERS benefits calculator is a tool designed to allow you to estimate your own retirement benefit when planning for your retirement.
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Which Tier Are You? Tier I: Hired Before September 30, 2005 Tier II: Hired on or after October 1, 2005
Full Service Retirement:
A member may receive a full service retirement annuity when he/she has attained:
- 30 years of credited service notwithstanding age.
- 10 years of credited service and at least 60 years of age.
Tier I: Years of service are calculated at 2.5%
Tier II: Years of service are calculated at 1.75%
Early Retirement:
A member may apply for early retirement when he/she has attained:
- 10 years of credited service and at least 50 years of age.
- There is a .325 reduction for each month the member is less than age 60
Tier I: Years of service are calculated at 2.5%
Tier II: Years of service are calculated at 1.75%
Incremental Increase
Retiree benefits are increased by a percentage rate determined yearly by the Board of Trustees upon attaining age 60 and upon completing one year on the retiree payroll.