Pension Plan

 

CERF Pension Plan

Prior Plan Formula

The formula for calculating a Prior Plan benefit for non-LAGERS and LAGERS participants is as follows:

Average Final Compensation x 1.5% for non-LAGERS
or 1.0% for LAGERS x Years of Service = Annual CERF Pension Benefit

Note: Formula uses average final compensation and years of creditable service as of
December 31, 1999.

 

 

 

Creditable Service

 
 

 

 

Benefits for Survivors

 
 

 

 

Retirement