|
Type |
Requirements |
Salary
Used |
%
Calculation |
First
Increase |
Subsequent
Increase |
Taxability |
| Retirement |
50 years old
20 years of service |
At date of retirement |
50% for first 20 years
2.5% for each years 21-30
2.5%/12 for each month 1-11
Maximum 75% |
If over 55 at time of
retirement, 1st day of month after anniversary of
retirement; If under
55, 1st day of month after 55th birthday.
Amount is 3% of original
monthly pension for each full month that has elapsed since
pension began. |
January 1st - 3% of pension
payable at time of increase |
Taxable |
| Retirement |
60 years old
10 years of service
11 years of service
12 years of service
13 years of service
14 years of service
15 years of service
16 years of service
17 years of service
18 years of service
19 years of service |
At date of retirement |
15% of salary
17.6% of salary
20.4% of salary
23.4% of salary
26.6% of salary
30% of salary
33.6% of salary
37.4% of salary
41.4% of salary
45.6% of salary |
1st day of month following
anniversary of retirement |
January 1st - 3% of pension
payable at time of increase |
Taxable |
| Duty Disability |
N/A |
At date of benefit |
Greater of:
65% of salary (OR)
Retirement benefit FF
eligible for at time of disability |
January 1 after 60th
birthday 3% of original
monthly pension for each full year that has elapsed since
pension began. |
January 1st - 3% of pension
payable at time of increase |
Excess of 65% is taxable |
| Duty Disability
Dependents |
Under 18, unless mentally or
physically disabled |
N/A |
Original benefit = $20/
month |
January 1
3% of pension payable at time of
increase |
January 1st - 3% of pension
payable at time of increase
Benefit ceases month following
18th birthday unless child is mentally or physically
disabled. |
Not taxable |
| Occupational
Disease Disability |
5 years of service |
At date of benefit |
Greater of:
65% of salary (OR)
Retirement benefit FF
eligible for at time of disability |
January 1 after 60th
birthday 3% of original
monthly pension for each full year that has elapsed since
pension began. |
January 1st - 3% of original
pension |
Excess of 65% is taxable; if
due to cancer, is taxable |
| Occupational
Disease Disability
Dependents |
Under 18, unless mentally or
physically disabled |
N/A |
Original benefit = $20/
month |
January 1
3% of pension payable at time of
increase |
January 1st - 3% of pension
payable at time of increase
Benefit ceases month following
18th birthday unless child is mentally or physically
disabled. |
Not taxable |
| Nonduty
Disability |
7 years of service |
At date of benefit |
50% of salary |
January 1 after 60th
birthday 3% of original
monthly pension for each full year that has elapsed since
pension began |
January 1st - 3% of original
pension |
Taxable |
| Surviving Spouse |
FF retired or on non-duty
disability |
N/A |
Greater of 100% of the
benefit FF was eligible for at the time of death or 54% of
salary as of last day worked. |
None |
None |
FF's taxability continues |
| Surviving Spouse |
FF on duty disability or
occupational disability |
N/A |
Greater of 100% of the
benefit FF was eligible for at the time of death or 54% of
salary as of last day worked.
May be eligible for benefit
equal to 100% of salary as of last day worked f FF died died
as result of cause of disability. |
None |
None |
None |
| Surviving Spouse |
FF active, dies off duty
FF active, dies LOD |
Last day worked
Last day worked |
Greater of 100% of the
benefit FF was eligible for at the time of death or 54% of
salary as of last day worked.
100% of salary |
None
None |
None
None |
Taxable
Not taxable |
| Dependents |
FF Retired or on on-duty
disability Under 18,
unless mentally or physically disabled |
N/A |
12% each, not to exceed 75%
of FF's salary when added to spousal benefit.
If no surviving spouse,
dependent is 20% each, not to exceed 75% of FF's salary. |
7/1/2004
1/12 of 3% of benefit for each
full month from start of benefit to 7/1/2004. |
July 1 from 2005 through
2008 3% of pension
payable at time of increase
Benefit ceases month
following 18th birthday unless child is mentally or
physically disabled. |
Varies depending on spousal
taxability |
| Dependents |
Duty disability or
occupational disability
Under 18, unless mentally or
physically disabled |
N/A |
Dependent benefit continues
from original calculation |
|
|
Not taxable |
| Dependents |
FF active, dies off duty, or
LOD |
Last day worked |
12% each, not to exceed 75%
of FF's salary when added to spousal benefit.
If no surviving spouse,
dependent is 20% each, not to exceed 75% of FF's salary. |
7/1/2004
1/12 of 3% of benefit for each
full month from start of benefit to 7/1/2004. |
July 1 from 2005 through
2008 3% of pension
payable at time of increase
Benefit ceases month
following 18th birthday unless child is mentally or
physically disabled. |
Varies depending on spousal
taxability |
