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Office of the State Comptroller Retirement Services Division |
| Tier II/IIA - Retirement Basics | ||||||||||||||||||||||||||
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For Retirement Dates through 6/1/2022***
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| Retirement Type | Age And Service Requirements For Commencement Of Pension Benefits | Entitled To COLA |
|---|---|---|
| Normal | Age 60 with 25 Years of Vesting Service | Yes |
| Age 62 with 10 Years Vesting Service | Yes | |
| Age 62 with 5 Years Actual State Service (effective 7/1/97) | Yes | |
| Age 70 with 5 Years Vesting Service (Tier II only) | Yes | |
| Early | Age 55 with 10 Years Vesting Service | Yes |
|
Vested Rights* Tier II |
Age 55 with 10 Years Vesting Service |
Yes |
| Age 65 with 5 Years Actual State Service (effective 7/1/97) | Yes | |
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Vested Rights*
Tier IIA |
Age 55 with 10 Years Vesting Service |
Yes (If 10 years of Actual State Service) |
| Age 65 with 5 Years Actual State Service | No |
** Members who left state service after satisfying the minimum service credit requirement, but before satisfying the minimum age requirement.
*** Effective July 1, 2022 Normal Retirement Age will change. Please see SEBAC 2011 agreement.
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