Retirement Eligibility

Retirement Eligibility and Average Monthly Compensation

Members can retire with a lifetime benefit as early as age 50 once they have acquired 5 years of service credits. Because retirement benefits are based on "normal" retirement rules, a member who takes an early retirement will receive a reduced benefit for their lifetime. When a member reaches normal retirement before filing for retirement, then they receive full benefits once a completed retirement application is filed and the desired retirement date is reached.


Eligibility and Compensation Rules

There are rules for retirement eligibility and what salary (or, compensation) is eligible for use in the calculations. Click the button to learn more.


The Basic Calculation - Straight Life Annuity

While there is a lot to learn, the ASRS is a defined benefit plan which means that the formula to calculate an annuity (monthly pension) is quite simple.

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