You are eligible for a regular retirement upon meeting one of two criteria, whichever occurs first:
- At any age as long as you have at least 30 years of membership service.
- At age 60 if you have at least 5 years of membership service.
Early Retirement Eligibility
You are eligible for an early, although reduced retirement once you reach age 55 and have at least 25 years of service credit.
Disability Retirement Eligibility
If you become totally and permanently disabled, you are entitled to a monthly disability retirement benefit as long as you have completed five or more years service. If you are disabled as a result of an accident while on the job, you are entitled to a monthly disability retirement benefit regardless of the number of years of service.
All applications for disability retirements are reviewed and approved by the Board of Trustees. Applicants are also required to undergo a medical evaluation by the Board’s designated physician.
Deferred Retirement
If you leave City employment with five or more years service credit, you can leave your contributions in the System and become eligible for retirement benefits upon reaching age 60. In order to take a deferred retirement option, you must:
- Apply for deferred retirement within one year of the termination of employment, and
- Pay any outstanding loan within one year of leaving City service.
