There are three primary calculations used when member retires under the Traditional or Portable plan:

  1. General Formula
  2. Money Purchase Calculation (not available to participants hired on or after July 1, 2005)
  3. Minimum Annuity

In addition, there is a special formula calculation for Police/Firefighters and a Supplemental Minimum Annuity Guarantee.

For further information on the formula calculations, please refer to the Traditional or Portable member guide.

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