28 · Survey Results: Survey Questions And Responses
For a full retirement beneﬁt, one must have 30 years of service credit and be at least 50 years old. Reduced retirement
beneﬁts are available with 25 years of service and 50 years of age. For employees hired after 7/1/05, age and service
must equal at least 55.
For full beneﬁt amount, employee’s number of years of service and age must equal 80 points.
For librarians it is an 80 factor of age (minimum of age 55) and years of employment. For support staff it is an 85 factor
(minimum of age 55) plus years of experience.
Full beneﬁt amount would be attained on or after age 60 with 40 years of service.
Full beneﬁts available at age 65 or at the age of 50 with 30 years of service. Early retirement with reduced beneﬁts
available between the ages of 55 & 65 with at least 5 years of service or 50 years of age with at least 10 years of
Full retirement beneﬁts at age 65 with at least 5 years of creditable service; at age 60 with at least 25 years of
creditable service; at any age with at least 30 years of creditable service.
Full time employees are vested after 5 years of service. Full beneﬁt at the age of 65 or after 33 years of employment and
reach the age of 62.
If you are age 60 and have ﬁve years of service or 60 or more calendar months of contributing service in OPERS, you are
eligible to retire. You can retire with a reduced beneﬁt as early as age 55 if you have 25 years of service. With 30 years
of credit, there is no age requirement or age beneﬁt reduction.
It is a combination of age plus years of service at retirement. Examples: 60 years of age with 40 years of service or 58
years of age with 46 years of service. Both examples would attain the full beneﬁt amount.
July 1 coincident with or following of age 65.
Needs a certain number of years of employment and age.
Normal Retirement Date is the 30th day of June coincident with or following your 65th birthday.
Normal retirement is 80 points (your age + years of service with ASRS), age 62 with 10 years of service, or age 65.
PERF - determined by age and years of service. Eligible for full retirement beneﬁts at age 65 with 10 or more years of
service. Early retirement beneﬁts are eligible with 15 or more years in the PERF-eligible position.
Retirement is at minimum 55 years of age. Beneﬁt increases with age, years of service, and average salary (three highest
earning years). One may leave state service and still draw a pension at 55 if you have not withdrawn your retirement
Service Retirement— Full: Age 55 with a minimum of 30 years of credited service, or Age 62 with a minimum of 5 years
of credited service.
State retirement system - criteria is based on age, years of service, and ﬁnal average salary.
Teachers’ and State Employees’ Retirement System is a Deﬁned Beneﬁt Plan, which means retirement beneﬁts are based
on salary, years of service, and a retirement factor. The formula for TSERS is: Average salary based on the 4 highest
consecutive years of earnings, Multiplied by a Retirement Factor of 1.82% (set by state statute), Multiplied by your
creditable years of service.
Tier 1 (hired prior to 1996) = age 58 or 30 years of service. Tier 2 (hired 1997–2003) = age 60 or 30 years of service.