Important: The following benefit formula applies to all state employees and teachers who became members of the Employees’ and Teachers’ Contributory Pension System on or after July 1, 2011. Employee members of a participating governmental unit will receive this benefit formula if their employer participated in the Alternate Contributory Pension Selection and the member was hired on or after July 1, 2011. Click here to learn more about pension calculations and terminology.
Average Final Compensation (AFC) = Five highest consecutive years of earnings ÷ 5
Eligibility Requirements for Normal Service Retirement are: