Your retirement benefits and eligibility date are determined in part by your retirement group, which is determined by your employment date. If your full-time, regular employment date is before January 1, 2012, you are in Group A. If your full-time regular employment date is on or after January 1, 2012, you are in Group B.
Group A members qualify for normal retirement benefits at age 62; age 55 with 20 years of creditable service; or any age with 23 years of creditable service. Benefits are determined using a multiplier of 3%. To retire at age 62, you must be: an active, contributing member when you turn 62; or be a terminated vested member with at least 5 years of COAERS service credit; or be a proportionate member with 5 years of combined service credit.
Group B members qualify for normal retirement benefits at age 65 with five years of creditable service or at age 62 with 30 years of creditable service. Benefits are determined using a multiplier of 2.5%. Reduced early retirement benefits are available for Group B members at age 55 with 10 years of creditable service.