The multiplier used in the calculation of a Benefit Annuity is determined based on the following criteria:

Retiring with 10 years or more of actual/reciprocal service:

Contributory: 2.15%
   
Non-Contributory: 1.39% (for service through 6/30/2019)
  1.25% (for service beginning 7/1/2019)

 

Retiring with less than 10 years of actual/reciprocal service:

Contributory: 2.15% (for service through 6/30/2018)
  1.75% (for service after 7/1/2018)
   
Non-Contributory: 1.39% (for service through 6/30/2018)
  1.00% (for service after 7/1/2018)

 

Please contact us if you have questions about how multipliers are used or how to identify which multiplier would be used in the calculation of your Benefit Annuity.