Monthly Normal Retirement Benefit Exceptions
- 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) - 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 - Contributory Benefit Service from July 1, 2000 through June 30, 2002: 3% of Contributions
See Example