State Correction Officers and Security Hospital Treatment Assistants Plan
For ERS Tier 3 and 5 Members (Article 14-CO)
If you join the Retirement System on the day you begin employment with a participating employer and you work on a full-time continuous basis, your retirement service credit is calculated by subtracting your beginning date of employment from the date you actually leave paid employment.
Part-time employment is credited as the lesser of:
number of days reported ÷ 260 days
annual salary reported ÷ (State’s hourly minimum wage × 2,000)