- General Requirements
All Group 1 members and those members of Groups
2 and 4 who are exempt from the mandatory
retirement age of 65 may continue to work
after age 70
What procedures are applied
to those who choose to continue in service after
age 70?
- Retirement Board Contact
At least 120 days before the last day of the
month in which such a member in service attains
age seventy, he/she will be contacted by his/her
retirement board about retirement benefits,
options, and procedures for continuing in
service beyond age seventy.
How will my retirement
allowance be affected if I choose to remain
in public service after my 70th birthday?
- Optional Deductions
For service rendered after age 70, retirement
deductions become optional.
- Continuing Deductions
If you choose to continue having deductions
taken (once made, this choice is irrevocable),
regular compensation earned during this period
may be used in the calculation of your retirement
allowance calculation and you will be given
credit for whatever additional service you
render. However, the annuity factor used in
the calculation of your allowance will remain
fixed at 2.5.
- Discontinuing Deductions
If you elect to discontinue retirement deductions,
any regular compensation earned during this
period cannot be used to calculate your retirement
allowance and no additional creditable service
will accrue.
|
Service
After Age 70
