Note: Survivor beneficiary names are "undisclosed". The calculations include: credit or a letter explaining why you do not qualify. calendar years. For the most part, this booklet addresses employees hired from July 2, 1984
A reemployed
Nonhazardous Member Benefit Factors. prior to your termination of state employment, to a personal life insurance policy with
2016 CT.gov | Connecticut's Official State Website, regular
Properly documented voluntary leave taken after 6/9/94 counts as
increments; maximum:15 months in 5-year period, Yes in calendar months or 22 working day
your average salary, your average salary in excess of the year's breakpoint, and
YOU MAY RETIRE WITH A BENEFIT AT ANY AGE IF YOU HAVE 20 YEARS OF
appropriate form provided by your employing agency's personnel or payroll office. (.005) for each month (6% per year) that you leave prior to
years vesting service under Tier IIA and have not and will not receive any retirement
benefit. will not be less than the benefit you would have received had you retired on the previous
absence; and. reaching your normal retirement age. Members will be able to view estimated retirement income under all survivor options offered by the plan. differences between the three different Tier II/IIA service credit
Your basic monthly retirement benefit would be $2,240 ($26,880
MERF Retirement Calculator. The Tier IIA Plan may provide a benefit to your family if
10 YEARS OF VESTING SERVICE AND ARE AT
retirement income payments. Benefit Calculation Survivor Benefits Insurance: Health, Dental, and Life The Retirement Process Sources of Information Tier 2 Estimator Introduction Welcome to the Tier II/IIA Retirement Counseling Workshop. Officer to obtain additional information and to request an application for a waiver of
The total number of years
The following formula will determine your normal Tier II/IIA
You earn one year of actual state service when you work 12 calendar months
education, the alternate retirement program. Please remember that prior military service cannot be used for
Office of the State Comptroller: Retirement Services Division: Tier III Estimator: Name: Employee Date of Birth * (mm/dd/yyyy) Spouse / Survivor Date of Birth If you were covered by Tier II before your appointment to the Supreme Court,
beneficiary. Generally, if you are employed by more than one state agency at
YOUR RETIREMENT BENEFITS. members with 25 or more years of service which includes at least some part-time
With less than 25 years of state service,
YOU MAY RECEIVE RETIREMENT BENEFITS IF YOU BECOME PERMANENTLY
In these situations call Retirement Counseling at 860-702-3490 for assistance. pursuant to Section 5-248c of the Connecticut General Statutes. based on the following formula which takes into account a portion of the
Services Unit. in equal monthly installments over a period of at least ten years. you already earned and retained your right to a vested retirement benefit
Suppose you retire effective July 1, 2005 on your 60th birthday
If you worked for the state as a Tier I or Tier II member, left your job,
The state currently pays 20% of the cost of this coverage for
permanent break for which contributions in Tier IIA were paid and later refunded. dependent child will receive $50 a month until his or her 18th birthday. Survivor Benefits
At first, disabled means you are permanently unable to perform
outlined in the section entitled "Breaks in Service and Permanent Breaks In
adjusted to reflect the portion of the standard full-time schedule you
of service credit (Actual State, Vesting, and Credited): You have been out of state service for either 5 years, or the length
Institute Division of the Department of Mental Health and Addiction Services; in specified firefighting, law enforcement or protective services
You request such credit on a Form CO-922, entitled
national emergency service, Yes, maximum 10 years total: war service plus 3
As a member of Tier II you will accrue three types of service: actual state,
years national emergency service, Prior eligible CT municipal service if in CT
|Commission
agency where you were last actively employed will be required to return you to employment,
Retirement | Options
Credited service will be used to compute such benefits. apply within 31 days after your date of retirement. the same time, all the monies you receive from both state agencies are considered to be
of a full-time teaching schedule without impairing pension rights. copies of all Plan documents. In
Vesting Service. You Earn a Permanent Vested Right to a Benefit After 10 Years of
For the most part, this booklet addresses employees hired on or
paid or entitled to pay and for which you have paid contributions. Effective 7/1/2014, no one year's earnings can be greater
then were rehired on or after July 1, 1997, Tier IIA Plan membership was
credit basis such as the Department of Correction and the state technical high schools are
booklet. amount you were receiving prior to reemployment.
a normal retirement age of 60. Important Information to Consider When Making Your Option
The State of Connecticut understands this and provides you
received temporary Workers' Compensation (excluding specific indemnity awards)
retirement credit for a break in service. Use the "pension summary menu" above to select year. Since that time, the law has been changed by legislation and collective bargaining. Retirement System Tier III : State Employees . including the time you worked and the period you were receiving the disability benefits is
Tier II and Tier IIA members can take an "early" retirement as soon as age 55; however, there is a lifetime reduction in their benefit for retiring before the "normal" retirement age NEWNormal Retirement Age As a member of Tier IIA you will accrue three types of service:
payroll deductions are permitted. You should contact the
the COLA anniversary date, which corresponds with your DOR. Retirement Service Credit Totals Are Used For Two Distinct Purposes: There are three different types of Tier II/IIA service credit: Actual State and Vesting Service are used to satisfy the various TIER
prior actual state service or 5 years, whichever is greater. Here's how your basic annual benefit is figured: Please note: in this example, the breakpoint for 2005 is $40,900. Retirement Application Medical Report" as completed by your treating physician, as
increase in the Consumer Price Index for Urban Wage Earners and Clerical
required to observe the 120 days per calendar year limitation. ", If you would like your retirement benefit check electronically
It could be because it is not supported, or that JavaScript is intentionally disabled. COLA increases are paid in either January or July depending on the member's effective date of retirement. However, if your service at time of disability is
Any 12 consecutive month period equals one year. You also earn
regarding any additional statutory requirement which may also need to be met
Refer to the section entitled, you have had a break in service of more than five years, and. * If you received a refund of your Tier IIA retirement
treated as if it were full-time service. the lump sum benefit will be paid to the estate. receiving state retirement benefits, including disability retirement
We encourage you to share this information with your staff who enroll employees into the ERS or who convey benefit information to staff. If you are a state teacher and work a full academic year,
with at least 10 but less than 25 years of vesting service. Your spouse will receive retirement benefits, provided you had been
periods of absence without pay for other reasons. 2.00% - Service Credit in excess of 360 months only. severance, if applicable. Criminal Justice, or as a chief detective in any other division; in guard or instructional duties at any state correctional
permanent vested right to a benefit. If you become permanently disabled and have 10 years of vesting
For ARP participants, the employer and employee contributions may vary and are identified in your paycheck deductions and Prudential statements. your spouse and children due to your disability; certain Workers' Compensation benefit payments, limited to
Breaks In Service And Permanent Breaks In Service Rules. Let's suppose you are retiring with 23 years of credited service
service. The Chair of
surviving contingent annuitant, the benefit amount you receive will depend on your age
If
***The 2011 SEBAC Agreement included a one-time election for employees in Tier II and Tier IIA to retain normal retirement age of 60/25 or 62/10, at the full actuarial cost to the employee. statement with personalized information. Tier IIA retirement provisions. eligibility or calculation purposes for a disability retirement. The COLA will increase a members taxable income. * All such service or absence must be properly documented. If you are a hazardous duty member, a refund of your retirement
monthly benefit at normal retirement would be $500. the Retirement Services Division. designated beneficiary will receive a lump sum benefit equal to the remaining portion of
Tier II/IIA Benefit Formula:. May 1st through the following April 30th equals one year. which reflects the portion of a full-time schedule that you worked
DO NOT USE THIS ESTIMATOR IF: You are receiving disability compensation payments under CGS 5-142(a); or Your average salary is more than $275,000, (IRC Salary Limits May Apply). SERS TIER III BENEFIT ESTIMATE DISCLAIMER . Plan member. Your beneficiary would receive a lump sum refund of any remaining
important information about purchase opportunities: 4. eligible full-time service to other states, leaves of absence without pay for military service or
With 10 or more years of vesting service, age 62 is
The site is updated monthly to reflect the typical state retiree payroll cycle and provide the most current pension data available. The Tier IIA Plan is administered by the State Employees
Service", Paid state employment provided period is not
There are currently three plans - Tier I, Tier II and Tier IIA. calculated when you retire. on a formula which takes into account a portion of the increase in the Consumer Price
service. In determining your Tier II benefit, you
Refer to the section entitled, Elect to receive your vested benefit when you reach age 55 - the
Division notified of your death as soon as possible, to facilitate the payment of benefits
The state operates six retirement plans for its employees.1According to actuarial reports, five of these plansthe State Employees Retirement System (SERS), the Teachers' Retirement System (TRS), the Municipal Employees Retirement System (MERS), the Probate Judges and Employees Retirement System (PJERS), and the Judges, Family Support Magistrate. totals: Actual State service is only important in satisfying the minimum
For each year after 2009, the breakpoint increases by 6%, rounded
If the investment performance of the retirement fund for the prior fiscal year is between 6.9% and 9.9%, the cost of living will be capped at 3%. to obtain retirement credit. ways. resume membership in the Tier IIA Plan and receive credit for service during such
Contributions for membership in the Tier IIA Plan are based on
benefits may be years in the future. dates through 6/1/2022: 60% of the annual CPI-W increase up to 6%, Back to State Employees and Retirees Benefits Information
(This formula has been updated to reflect the change to the Tier
Personnel or Payroll Officer, or the Retirement Services Division Counseling
Your
The Tier II Plan is administered by the State Employees Retirement Commission whose members are representatives selected by state employees or their unions, management members appointed by the Governor, and actuaries. The average pension earnings paid from state pension funds to retirees and their beneficiaries. Information about the SERS Tier I, II, IIA, and III Plans can be found at the following website: https://www.osc.ct.gov/rbsd/stateretire.htm. For members who retired on or after September 1, 1992 and joined the system prior to July 1, 2007, the COLA is calculated by usingthe cost of living adjustment granted by the Social Security Administration for the applicable year andthe investment performance of the retirement fund for the preceding fiscal year, subject to a maximum of 6%. of additional service. Benefits Information, Paid state employment provided period is not succeeded by a
condition, you or someone on your behalf should contact the Retirement Services Division Counseling Services Unit as soon as possible, either directly or through
12). completed Form CO-922 with all required documentation to the Retirement Services Division, you will be sent an acknowledgement of retirement
basic normal benefit will be reduced by one-half of one percent
Sources of Information
to the nearest $100. window explained in the section entitled "Survivor Benefits," you should not
Social Security has announced that they willbe granting a cost of living increase of 8.7%for 2023. calculate contributions ; $250,000 (2012) $250,000 (2012) $250,000 (2012) $250,000 (2012) Employee Social . facility or institution; directly and substantially with patients in the Whiting Forensic
days or partial days off as provided by the Voluntary Schedule Reduction Program
General Statutes, Section 5- 248c or one of its predecessor voluntary leave or
following formula: STATE MEDICAL, DENTAL, AND LIFE INSURANCE MAY CONTINUE AFTER YOU
from the Tier I or Tier II Plan; the time you were away from state service is less than your
credited service. All the pension plans are defined benefit plans; that is they provide a set level of benefits to employees who meet various service requirements. medical plans for you and your eligible dependents; other medical plans require you to pay
municipal service. Detailed Information on Purchase Opportunities. agency or facility, the Office of the State Comptroller provides retirement counseling
part of the premium cost. die before your contributions and earned interest are depleted. amount would equal 50% of the payment you would have received under the Spouse option had
Benefit Estimator Worksheet Start my Estimate ( **Recent legislation has changed the retirement and annuity factors. Some of the features on CT.gov will not function properly with out javascript enabled. Prepared December 2020. the Retirement Services Division. If you terminate while on a leave of absence, you must
or if you die within 90 days after electing Option D or A but prior to your date of
interest are paid in full within the time frames prescribed. The Connecticut Teachers' Retirement Board provides for an annual cost of living adjustment (COLA) once a member has been retired for at least a minimum of nine months. Please contact your agency's Personnel Office for additional
Printer friendly version - Follow this hyperlink to view the Tier III plan as one document. Connecticut State Department of Administrative Services CT.gov Home . the purchase or a letter explaining why you do not qualify. any amount up to the full amount of your life insurance coverage in effect immediately
state service, you will receive a life insurance policy equal to one-half of the basic
provides a minimum benefit; your basic monthly benefit will equal the result of the
You must pay a reasonable charge for such copies. Service Rules." for normal retirement benefits. service including periods of severance of less than 12 months. paid retirement contributions. However, no credit is allowed for any purchase unless all contributions and
Alternatively, if you did not have a permanent break in service
your credited service. So when Tier 2 was created, the State insisted on a breakpoint that gradually adjusted to account for inflation. The new factors depend on when you became vested (100 qualifying months of service) in the CTRS. When you next retire, your retirement benefit will not be less than the
January 1, 1986, can be greater than 130% of the average of the preceding two
State Employees Retirement System Plans: SERS Tier 1 Tier 2 Tier 2A Tier 3 Tier 4 Type . It could be because it is not supported, or that JavaScript is intentionally disabled. the Plan | Types of
credited service, it does not count until you have obtained a minimum ten years of vesting
leave of absence, you must return to state service within one year after the
STEP 4: ESTIMATE YOUR RETIREMENT INCOME Retirement Income state law enacted in 1939. Payments will be made over a period
allowance from the municipal system for this municipal service. Judges appointed to the Connecticut Supreme Court, Appellate
DEATH BENEFITS MAY BE PAYABLE TO YOUR SURVIVOR. Also counted as actual state service are all periods of time when
Comptroller
normal, or vested rights retirement benefit will be refunded to the member following
Maintaining your pre-retirement living standard usually requires
this booklet, we describe the System's Tier IIA retirement plan, which is a contributory
service credit total recognizes certain leaves of absence and/or periods
Back to Table of Contents
your coverage will be proportionately reduced based on years of service. You must be insured
maximum, your Tier IIA benefit will be reduced. service for a period(s) of severance of less than 12 months. adjusted on an annual basis. after you are age 60 if you have at least 25 years of vesting service, age 62 if you have
Security + Medicare ; Participation . formula calculation or $360, whichever is greater. for members who are planning to retire within the next 12 months. only (currently 3 years). any period of your municipal service if you were a member of the
TRS or any other state retirement system. for personal or family illness, 6. Credit for qualifying leaves of absences without pay taken
Credited Service is used to calculate the amount of your Tier II/IIA
Those dependents would be offered the
to 3 months prior to your intended date of retirement. your three highest paid years, then divide this total by three. It seems that JavaScript is not working in your browser. (For
any); you returned to state service after a period during which you were
Please contact your agency's Personnel Office for additional information. Restoring prior Tier IIA retirement credit, 5. Credit for qualifying leaves of absences without pay taken
YOU MAY RETIRE WITH A BENEFIT IF YOU HAVE
retirement application and all accompanying documentation must be received by the
service (this means a retirement benefit over and above your own contributions, if any); you returned to state service after a period during which
All disability retirement benefits will end if you recover from
Plan changes within 210 days after their effective date. Contributions in excess of those required for an early,
year. month. retire on disability retirement are not entitled to a refund of any of their hazardous
year. For each year after 2009, the breakpoint increases by 6%, rounded to the
return to state service within one year after the first day of your absence to avoid a
There are three types of prior service for which Tier II members must apply
Calculations are on a calendar year basis. State of Connecticut Retirement Plan Comparison . after July 1, 1997. salary. service, Yes, maximum 10 years total: war service plus 3 years
The following summarizes
receive any retirement credit for service preceding the permanent break. payment option you would prefer or have not obtained the consent of your spouse, your
vested right to a benefit. Index for Urban Wage Earners and Clerical Workers (CPI-W) for the 12 months immediately
This withdrawal will
duty contributions. The Office of Fiscal Analysis calculates that the State Employee Retirement System cost as a percent of payroll is 9.46% for Tier II regular employees and 18.03% for Tier II hazardous duty employees. entitled "Detailed Information on Purchase Opportunities" for more
minimum benefit; your basic monthly benefit will equal the result of the formula
Supreme Court, Appellate Court or Superior Court and had accrued at least 10 years of
commencement date equals or exceeds your Tier II vesting service prior to
your retirement benefit amount. your basic monthly normal retirement benefit: one quarter of one percent (.0025) of $500 X 24, 50% (.50) for 20 years hazardous duty service. Credited Service is Used to Calculate Your Retirement Benefit. When calculating your average salary, no one year's earnings can
than 150% of the average of the two preceding years when
annuitant for life and that contingent annuitant dies before your contributions and earned
additional statutory requirement which may also need to be met before actual state,
continued with the state paying the full cost. font size, **Recent legislation has changed the retirement and annuity factors. of your death. reduced by one quarter of one percent for each month you receive a benefit before your
Retirement Commission whose members are representatives selected by state employees or
In the event that the Retirement Medical Examining Board
considered disabled only if you are totally unable to work at any suitable and comparable
Your basic benefit will then be calculated as
actual state, vesting and credited service. YEARS OF VESTING SERVICE. If you have had a permanent break in service, you will not receive any
between the time you leave and the time you return will count toward your total
In determining your Tier IIA benefit, you will receive credit for
you held a hazardous duty job immediately before the absences
For example, this means that when
sent to you. not contribute unless you are in a position designated as hazardous duty. interest credited from the July 1st following commencement of contributions. selection. 12. employing agency's personnel or payroll office. approved eligible leave of absence, military service or qualifying non-state employment
for retirement purposes. specified above; you return to hazardous duty at the conclusion of any such
Please note that while this is an average, certain types of state employment have higher average pay and therefore higher average pension payments . When you apply to retire you must elect one of four benefit
military service cannot be used for eligibility or calculation purposes for a disability
Actual state and vesting service determine your eligibility for benefits. The resources and information provided here are tailored for employers of participating agencies to ensure accurate and timely retirement reporting. This report compares Tier II and Tier IIA of the State Employee Retirement System (SERS) with the Municipal Employees' Retirement Fund B (MERF). benefits is made by the Retirement Medical Examining Board. based on completed months of service. beneficiary(ies). Connecticut's Official State Website Search Bar for CT.gov. intended to give you complete details on all Plan conditions. PDF version - Follow this hyperlink to view the Tier III plan as a *.PDF file, 138KB. months of retirement. "Retirement Credit - Tier II Members Only", available from your
Mandatory overtime
an income from various sources. return to state service including periods of severance of less than 12 months. entitlements may be different from those described in the current summary plan
for hazardous duty retirement benefits may, if eligible to do so, receive early, normal,
Retirement System or, if you are in higher education, the alternate retirement program. an approved educational leave of absence to follow a job-related course of
the income payment election (option) you select at retirement. Actual state and vesting service determine your eligibility for
"General
If you have been
of service before and after reemployment are added together after you are
font size. If you have been married for at least one year prior to the
married for at least one year as of your requested retirement date and elect an option
date. Requesting a purchase does not obligate you to pay the
disability retirement application at which oral testimony may be given. If your total benefits exceed the 80% maximum, your Tier IIA
Elect to receive your vested benefit on or after you are eligible
If your disability is job
earnings are not subject to this limitation. service, exclusive of the municipal service during which you were a CMERS member . It is important for you to name a retirement beneficiary or beneficiaries to
Duty Retirement" Section for special rules. **) To use The Pension Benefit Estimator please click on Start my Estimate above to download the application. their unions, management members appointed by the Governor, and actuaries. years of vesting service when determining your eligibility to retire. In addition to the Personnel or Payroll Officer at your own
The State Employees Retirement System is based on a Connecticut state law enacted in Since that time, the law has been changed by legislation and collective bargaining. It is important for you to name a retirement beneficiary or
Information on Obtaining Certain Actual State,Vesting and Credited Service", "General
This site provides pension information for retired state employees. If you have had part-time service, you should know that: your part-time service will be treated as full-time service when
Disability Compensation under Connecticut General Statutes, Section 5-142 and any unpaid
Effective January 12, 1990, hazardous duty members are required to contribute
membership was mandatory as of the date you were rehired unless: In these exceptions, you resumed membership in the Tier I Plan. Failure to submit the required waiver and
of credited service and your average salary is $48,000. benefit will be calculated as follows: To determine what your basic monthly income would be, divide your
If no beneficiary was designated,
commencement of your retirement benefits, written spousal consent will be required if you
transition directly into retirement, you will be eligible for an annual cost of living
ends, your contributions will become part of the retirement fund. basic annual retirement income by 12. DISABLED. Compensation payments limited to temporary total and temporary partial payments, and
of the Connecticut Municipal Employees Retirement System, provided you have at least ten
& Board |Benefits
your retirement income will be calculated to produce a benefit
After you have 5 years of actual state service, you have earned a permanent
If you are uncertain
that severance. Your disability may be service-connected or non service-connected. Your normal retirement date will be the first of any month on or
for military service, Reference Chart for Actual State, Vesting And Credited Service. group life insurance premiums to determine if you qualify. If you wish to do this, you must
contributions and interest would also be payable to your named retirement
12 months). any month on which or after you attain: For retirement income calculation purposes, your credited service
Please refer to the applicable summary plan description for further
The Board will base its
The state currently pays 100% of the cost of certain
as a non-hazardous duty member, including interest credited from the July 1st following
or vested retirement benefits. anniversary of your first increase. This basic benefit would then be
You or your representative have the right to inspect and obtain
Regardless of your option choice or marital status, you must
The formula above does not apply to vested members who left
The amount is less than you would
Invoices provide any payment options available; in some cases
The time you are away from your hazardous duty job because of an
Retirement - Hybrid Summary Plan Description. working: If you qualify for a hazardous duty retirement, your basic annual
your survivors. Tier I, Tier II, or the Tier IIA Plan depends upon several factors. benefit will be reduced.
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