How is the amount of my normal retirement benefits computed?
The amount of normal retirement annual pension is 2.5% for each year of credited service times your Final Average Earnings.

Final Average Earnings is the average compensation received by a general employee during the period of 5 consecutive calendar years, which produces the highest average annual compensation.

For example, if your Final Average Earnings are $30,000 and you retire with 25 years of credited service, the annual pension would be $18,750 (25 x 2.5% x $30,000).

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1. How do I know if I am eligible to participate in the General Employee Defined (DB) Retirement Plan?
2. When do I become eligible for normal retirement benefits?
3. How is the amount of my normal retirement benefits computed?
4. When you calculate my pension, what is included in my earnings?
5. Can I retire before I am eligible for normal retirement benefits?
6. How is my early retirement pension computed?
7. How long are pension payments made?
8. Can I provide for payments to continue to a beneficiary upon my death?
9. What happens if I leave City employment before I can retire?
10. What if I leave City employment before I have the required 10 years of credited service?
11. Are benefits paid if I die before I retire?
12. What happens if I am disabled?
13. Who pays for retirement benefits?
14. Can I ever lose the contributions I made to the Plan?
15. What happens to the pension contributions?
16. Who administers the Defined Benefit Plan?
17. What are my medical benefits under the Defined Benefit (DB) Retirement Plan?
18. What is a Deferred Retirement Option Plan (DROP)?
19. Can I purchase prior Military Service?