| Type
of Benefit |
To
Qualify for Benefits |
PRB
Retirement Formula |
| Normal
Retirement |
You
retire at age 65 or when you complete 5 years of creditable
service, whichever is later |
1.1%
times FAMC below the Integration Level, Plus 1.6% times
FAMC above the Integration Level, times years of CRP
creditable service |
| Early
Retirement |
You
retire at or after age 55, but before age 65, and
you have at least 5 years of creditable service |
The
normal retirement benefit formula, except use your
FAMC and creditable service as of your early retirement
date (your benefit may be adjusted if you begin receiving
benefits before age 65) |
Late
Retirement |
You
retire after age 65 or when you complete 5 years of
creditable service, whichever is later |
The
normal retirement benefit formula, except use your
FAMC and creditable service as of your late retirement
date and your Integration Level as of your Social
Security retirement date. |
| Vested
Terminations |
You
terminate employment before age 55 and have at least
5 years of creditable service |
The
normal retirement benefit formula, except use your FAMC
and creditable service as of your termination date (your
benefit amount depends on when you begin receiving your
benefit) |
