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

You are eligible for normal retirement and can receive a monthly benefit payment for life when you meet one of these requirements:

• You reach age 62**
• You reach age 55 with 20 years of creditable service;
• You obtain at least 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;
• 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

You are eligible for normal retirement and can receive a monthly benefit payment for life when you meet one of these requirements:

• You reach age 65 and have at least five years of creditable service; or
• You reach 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.