Introduction
Plan Membership
Eligibility Requirements
Benefit Calculation
Survivor Benefits
Insurance: Health, Dental, and Life
The Retirement Process
Sources of Information
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Tier 1 Estimator
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Plan Membership
- Tier I is a contributory defined benefit retirement plan
- Generally, Tier I applies to state employees first hired prior
to July1, 1984, who elected and have maintained membership.
- There are 3 different plans in Tier I (Plans A, B, and C)
- Plan A members contribute:
- 3% more than Plan B members on their state salary and do
not participate in Social Security
- Plan B members contribute:
- Prior to July 1, 2017, Tier I Plan B members contributed
2% of their state salary on which Social Security taxes are
withheld. As part of the SEBAC 2017 Agreement, contributions
increased, please refer to the agreement in the link below
for more information.
- Prior to July 1, 2017, Tier I Plan B members contributed
5% of their state salary on which Social Security taxes are
not withheld. As part of the SEBAC 2017 Agreement,
contributions increased, please refer to the agreement in
the link below for more information.
- Plan B members will have their state pensions reduced by
a small amount (the Plan B Reduction) upon reaching the full
Social Security Age (Age 66 for those born between 1943 and
1954).
http://www.ssa.gov/retire2/agereduction.htm
- Plan C members contribute:
- Prior to July 1, 2017, Tier I Plan B members
contributed5% of their total state salary and participate in
Social Security with no adjustments. As part of the SEBAC
2017 Agreement, contributions increased, please refer to the
agreement in the link below for more information.
SEBAC
2017 Agreement
- The majority of Tier I members participate in Plan B. Plan A has
been closed to new members since 1973.
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