A happy retirement requires planning, whether you are 22 or 52.
So here are some points to keep you on target:

Take the time to know your pension, how your pension is calculated, and when you will be eligible to retire.

You can find answers in your plans Summary Plan Description. Make sure your documents are up to date. When you were hired, you named a beneficiary who would receive your contributions if you passed away. If your circumstances change, you may want to change your beneficiary. (Please contact Personnel or the Pension office for the necessary form.)

You are fully vested after ten years of employment with the City. If you leave the City after that and don't take a refund of your contributions, you will be eligible for a lifelong pension beginning at the Normal age of Retirement.

EARLY RETIREMENT - For General employees, it is the earlier date when you complete [a] 14 years of Credited Service or [b] age 55 and ten years of Credited Service. This must be done in writing by completing the "Application for Pension Benefits."

Early Retirement Date for Police  (members hired on or before 12/31/2006):
It is the earlier of: (1) the date when you reach age 50 and complete 10 years of credited service or (2) the date when you complete 20 years of credited service, regardless of age. You may retire at any time following this date with reduced benefits, provided you have not waived the right to receive an early retirement benefit upon completing 20 years of credited service.

Early Retirement Date for Police (members hired after 12/31/2006):
It is the date when you reach age 50 and complete 10 years of credited service.

NORMAL RETIREMENT DATE - This is the earliest date when unreduced retirement benefits are payable for General employees. It is the earlier of the date when you reach [a] age 55 and attain 20 years of Credited Service or [b] age 62 and 10 years of Credited Service. This must be done in writing by completing the "Application for Pension benefits."

For Sworn Police personnel, it is when you reach age 50 and complete 20 years of Credited Service. You have the right up to one (1) month before your retirement date to elect a form of payment. This must be done in writing by completing the "Application for Pension benefits."For Police, The normal retirement date is the earliest date when unreduced retirement benefits may be paid. It is the earlier of: (1) the date when you reach age 50 and complete 20 years of credited service or (2) the date when you reach age 55 and complete 10 years of credited service.