COMPARISON OF RETIREMENT ALLOWANCES: PLAN D AND PLAN E
PERCENTAGES OF FINAL COMPENSATION
YEARS OF SERVICE |
RETIREMENT AGE AND PLAN |
|||||||
50 |
55 |
60 |
65 |
|||||
D |
E |
D |
E |
D |
E |
D |
E |
|
10 |
11.82% |
* |
14.92% |
7.50% |
19.17% |
12.02% |
24.32% |
20.00% |
15 |
17.73% |
* |
22.39% |
11.24% |
28.75% |
18.03% |
36.48% |
30.00% |
20 |
23.64% |
* |
29.85% |
14.99% |
38.33% |
24.04% |
48.64% |
40.00% |
25 |
29.55% |
* |
37.31% |
18.74% |
47.92% |
30.05% |
60.80% |
50.00% |
30 |
35.46% |
* |
44.77% |
22.49% |
57.50% |
36.05% |
72.97% |
60.00% |
35 |
* |
52.23% |
26.24% |
67.08% |
42.06% |
85.13% |
70.00% |
|
40 |
* |
76.67% |
45.07% |
97.29% |
75.00% |
|||
45 |
* |
100.00%** |
80.00% |
|||||
| *Plan E members are not eligible to retire until age 55 **Plan D members reach 100% of final compensation (the maximum retirement allowance) at age 65 with 41 years, 2 months of service. |