Apr 2, 2012 · For members of Group 4: add 10 years to your age when finding your pension percentage FOR ESTIMATING PURPOSES ONLY. Due to Pension Reform the Minimum …

MASSACHUSETTS GROUP 1 RETIREMENT PERCENTAGE CHART For Members-In-Service Hired BEFORE April 2, 2012 03/2015 SEE REVERSE SIDE > BENEFIT RATE CHART* Age …

For a list of the age factors and estimates of the benefit percentage at which members will retire based on their age and years of service, refer to the charts listed below. Membership …

Group 1 RETIREMENT PERCENTAGE CHART - FOR MEMBERS WHO BEGAN SERVICE AFTER 4/2/2012 (Most employees belong to group 1, including administrative employees) …

Apr 2, 2012 · These charts represent an Option A benefit. -Option B is about 1-3% less than Option A. -Option C is approximately 8-12% less and provides a lifetime benefit for your …

The Pension Reform Act (Chapter 176 of the Acts of 2011: An Act Providing for Pension Reform and Benefit Modernization) affects current active and retired members, as well as new …

Group 1 employees will reach the maximum age factor at age 67. Group 2 employees at age 62 and Group 4 employees at 57. Our office has prepared new benefit charts to show the impact …

Apr 2, 2012 · Group 1 Retirement Percentage Chart for Employees who Became Members After 4/2/2012 16.91 KB; Print. General. Upcoming Events. Retirement Board Meeting. Thu, Jan 30 …

Jan 1, 2012 · Minimum Retirement Age: The minimum retirement age is raised from 55 to 60 for Groups 1 and 2; Group 4 Retirement Age: The minimum retirement is raised from 45 to 50 for …

Which Amounts of Compensation Will be Used in the Calculation--Members must average annual rates of regular compensaiton earned in any 3 consecutive years or rates earned during the …