The longevity bonus is a permanent addition to the monthly retirement benefits of qualified members.
Members who retire after January 1, 2001, and have 30 or more years of service credit before
December 31, 2010, benefit from the bonus.
As of December 31, 2010, the window period to earn eligibility for the longevity bonus will close. If
you have 30 or more years by December 31, 2010, you continue to increase your longevity bonus with each
year of service credit up to 32 years.
Remember, if you do not have at least 30 years on December 31, 2010, you will not be eligible for the
bonus.
Retirement Benefit Change
Eligibility for the longevity bonus permanently increases the amount of your monthly retirement benefit.
The amount is set for the entire length of your retirement, unless you return to active service.
Your total years of qualified service credit at retirement determine your bonus, as long as you have at
least 30 years by the sunset date.
Years of qualified service
credit at retirement |
Monthly bonus with no
beneficiary option |
| 30 years |
$200 |
| 31 years |
$300 |
| 32 years |
$400 (maximum) |
The bonus for members with a beneficiary option is reduced based on the option chosen. For examples of
option benefit factors, see the Service Retirement Option Factor Tables in
Section 6 of the Member Handbook.
There are many ways to meet the 30-year service credit requirement.
Achieving eligibility by December 31, 2010, is not complicated, but you need to know your options.
Detailed information on service credit options are also found in:
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