Once you have accrued the required amount of credited service, you will have earned the right to receive a pension, even if you discontinue your public employment.
- Tier 3 members need five years of credited service.
- Tier 5 members need ten years of credited service.
You can begin receiving your vested retirement benefit when you reach age 55. The amount of your vested benefit is based on your service, age at retirement and the salary you earned when you were an active member.
Vesting is automatic — you do not have to fill out any paperwork or file an application to become vested. However, you will need to file an application to begin receiving your vested benefit.