Monthly Normal Retirement Benefit Exceptions

  1. Past Benefit Service earned after June 30, 1990 and before July 1, 2001 and granted before July 1, 2001:
    The $25 factor is adjusted by (Total Contributions after June 30, 1990)/(Contributory Hours after June 30, 1990)
  2. Contributory Benefit Service after June 30, 1990 and before July 1, 1997:
    Sum of:
    (1) 2% of 1990-97 Contributions
    (2) 0.5% of 1990-97 Contributions (not greater than post June 30, 1997 Contributions)
    See Example
  3. Contributory Benefit Service from July 1, 2000 through June 30, 2002: 3% of Contributions
    See Example