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57 2 percent @

R E T I R E M E N T F O RMU L A S A N D B E N E F I T F A C TO R S 2% at 57 Benefit Factors The chart below shows how the benefit factor increases for each quarter year of age from 50 to 57, and the required years of service to reach your maximum percentage allowed by law.

2% at 57 Benefit Formula Minimum Age for Retirement 50 Membership Date on or After January 1, 2013

Age

Exact Year

¼ Year

½ Year

¾ Year

50

1.426% 1.447% 1.467% 1.488%

51 52 53 54 55 56

1.508% 1.529% 1.549% 1.570%

1.590% 1.611% 1.631% 1.652%

1.672% 1.693% 1.713% 1.734%

1.754% 1.775% 1.795% 1.816%

1.836% 1.857% 1.877% 1.898%

1.918% 1.939% 1.959% 1.980%

57 or older

2.000% 2.000% 2.000% 2.000%

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