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Special 20- and 25-Year Plans

For PFRS Tier 2, 3 (Article 11), 5 and 6 Members, (Sections 384, 384-d and 384-e)

Full- and Part-Time Service Credit

Special 20- and 25-Year Plans
For PFRS Tier 2, 3 (Article 11), 5 and 6 Members
(Sections 384, 384-d and 384-e)

Full-Time Employment

If you join PFRS on the day you begin employment with a participating employer and work continuously on a full-time basis, we calculate your retirement service credit by subtracting your beginning date of employment from the date you leave paid employment.

Part-Time Employment

For Tier 2, 3, 5 and 6 members, one year of part-time employment is credited as the lesser of:

number of days reported* ÷ 260 days

or

annual earnings reported ÷ (State’s hourly minimum wage × 2,000)

 

*As reported by your employer.