Reduced or early retirement benefits are available if an employee is not normal retirement age. The early retirement benefit is based on the proration of years in the system and the age at which retirement occurs. The early retirement factor is calculated by the retirement division based on the employee's individual record. Employees are encouraged to contact the State Retirement Division to obtain information regarding the benefit as well as the estimated pension payable should the disability be approved. Certain procedures and medical documentation are necessary in applying for this benefit.
Inquiries are confidential.
Job-related death benefits are also available. Termination of Employment - in lieu of a retirement benefit, if a member at termination is not vested, a refund of the member's contributions plus interest is payable. Refund of an account automatically nullifies a retirement benefit which would become payable. Retirement Options - when an employee begins planning for retirement, the Retirement Division will provide the appropriate estimate of benefits. Health Insurance Benefits - may continue from active employment into retirement with the premium withheld from the monthly pension check.