Retirement Benefits and Options

Eligibility Requirements

Group(s)	Creditable Service Requirement	Retirement Age
1	At least 10 years	55
2	At least 10 years, plus must have been performing the duties of the Group 2 position prior to your termination or retirement.	55
4	None, but must have performed the duties of the Group 4 position prior to your termination or retirement.	55
1, 2, 4	20 or more years	Any age

Calculation: Your retirement allowance is calculated using these factors:

• Age at retirement
• Years of creditable service
• Your high 3-year salary average (regular compensation only)

Additional Veteran Benefit: Veterans receive $15 per year of creditable service, up to a maximum of $300.
Maximum Benefit: Your allowance cannot exceed 80% of the high, three-year salary average.

• Group 1 reaches 80% at age 65 with 32 years of service.
• Group 2 reaches 80% at age 60 with 32 years of service.
• Group 4 reaches 80% at age 55 with 32 years of service..

How to Apply: Fill out and submit the Application for Superannuation Retirement

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Eligibility Requirements

Group(s)	Creditable Service Requirement	Retirement Age
1	At least 10 years	60
2	At least 10 years, plus 12 months in a Group 2 position immediately before retirement.	55
4	None, but must have performed Group 4 duties for at least 12 months before retirement.	55

Calculation: Your retirement allowance is calculated using these factors:

• Age at retirement
• Years of creditable service
• Your high 5-year salary average (regular compensation only)

Additional Veteran Benefit: Veterans receive $15 per year of creditable service, up to a maximum of $300.
Maximum Benefit: Your allowance cannot exceed 80% of the high 5-year salary average.

• Group 1 reaches 80% at age 67 with 32 years of service.
• Group 2 reaches 80% at age 62 with 32 years of service.
• Group 4 reaches 80% at age 57 with 32 years of service..

How to Apply: Fill out and submit the Application for Superannuation Retirement

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Ordinary disability benefits are available to members who are permanently incapacitated due to a non-work-related illness or injury.

Eligibility Requirements:

• At least 10 years of creditable service.
• Permanent incapacity preventing performance of essential job duties.
• Disability not caused by job-related factors.

Calculation For Non-Veterans

Membership Before April 2, 2012

The benefit is calculated using the member’s:

• Age
• Creditable service
• High, three-year average salary

If you are under age 55, your benefit is calculated as if you were 55. If you are 55 or older, it is calculated using the amount of service actually accrued.

Membership On or After April 2, 2012

The benefit is calculated using the member’s:

• Age
• Creditable service
• High, five-year average salary

If the member is under age 55, the age factor is increased (to age 55) for a higher benefit.

Calculation For Veterans

Veterans will receive an allowance of:

• A pension equal to 50% of the average annual rate of regular compensation received during the last 12 months of employment, plus
• An annuity.

If a veteran’s superannuation allowance is greater than the ordinary disability retirement allowance, they will receive the greater benefit. Contact the office for more info.

Accidental disability benefits are available to members who are permanently incapacitated as a direct result of an injury sustained or hazard undergone while in the performance of duties.

Eligibility Requirements:

• Total and permanent incapacity.
• Direct connection between the incapacitating condition and performance of duties.
• The accident or exposure occurred no more than two years* prior to filing an application.

*Please note: The two-year filing requirement does not apply if notice of the injury was filed with both the employer and the retirement system within 90 days of the accident or exposure, as required for record-keeping and benefit eligibility.

Calculation: The accidental disability allowance includes:

A pension equal to 72% of:

• Your member’s annual rate of regular compensation on the date of injury, or
• The average annual rate of regular compensation earned in the 12 months prior to retirement, whichever is greater.

Benefit Cap: The total allowance (pension + annuity) cannot exceed 75% of annual rate of regular compensation.

Presumptions (Public Safety): Certain conditions — such as heart disease, lung disease, and certain cancers — are presumed job-related for eligible public safety personnel. Contact the office for more information.

A department head may file an application to retire a member for superannuation or disability.

• All standard age and service requirements still apply.
• Under certain circumstances, members may request a hearing before the retirement board within 15 days of receiving the involuntary application.

If you receive an involuntary application for retirement from your department head, contact the Middlesex County Retirement System office for guidance.