Transcription of PERA 1 PERA Benefit Structure Highest Average Salary ...
1 PERA 1. PERA Benefit Structure Highest Average Salary percentages for retirement Benefit Option 1. Use this table if you began PERA membership on or before June 30, 2005, had five years of service credit on January 1, 2011, and were eligible to receive a Benefit on January 1, 2011. Years Age at retirement of Service 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65+. 5 6 7 8 9 10 11 12 No retirement 13 benefits payable. 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 The shaded areas indicate reduced retirement percentages . For 35+ years, add to for each year over 35 up to 100%. Final calculations are made to the exact amount of service you earn, not necessarily even years. Effective January 1, 2011.
