Retirement benefits will not be paid unless you file an Application for Retirement Allowance with the Division of Pensions and Benefits. Retirement benefits cannot become effective prior to receipt of a Retirement Application. Years of service means the years and months of pension service credited to your account. Salary means base salary on which pension contributions are taken. It does not include extra pay for overtime, bonuses, housing or uniform allowances, etc.
Salary means base salary on which pension contributions are taken.
It does not include extra pay for overtime, bonuses, housing or uniform allowances, etc. Your life insurance coverage is not in effect between the time you terminate employment and your Deferred Retirement becomes effective. If you die between the time you terminate employment and your retirement becomes effective, the last named beneficiary will receive the return of your pension contributions. There is no other death benefit under these circumstances. Those electing Deferred Retirement cannot transfer their active health care coverage to the retired group of the State Health Benefits Program.