• Years of Service

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    In most cases, a minimum number of years of service are required to be eligible to receive benefits. Also, your years of service are used to help determine the amount of your benefit. You will receive credit for partial as well as whole years of service when your benefit amount is calculated. Your years of service will include credit for any unused sick time (both regular and reserve) you may have when your benefit is calculated.

    In addition, your years of service may include military service under certain circumstances. If you leave your employment with the City or AISD to undertaken military service and you are later re-employed by the City or AISD, you may be entitled to credit for your military service, if you make all the required employee contributions for this period. You should contact the Pension Department for further information about qualified military service.

  • Years of Age

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    Your age helps to determine the type of pension you are eligible for and, in some cases, the amount of your benefit. For the sake of simplicity, this booklet uses whole years of age in the examples. However, if the amount of your pension benefit depends on age, then the calculation will actually be made using years and months of age.

  • Avg Average Salary per Month

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    Your average monthly salary is the average of your 3 consecutive highest years of earnings divided by 36. Beginning with the first pay period in 1986, any overtime pay you received was excluded from the calculation of your Average Monthly Salary.

    Federal law limits the amount of earnings that can be taken into account when determining you pension benefit. Annual earnings that exceed $200,000 in a calendar year can not be taken into accounts when determining your pension benefit. This limit was increased to $205,000 for 2004, $210,000 for 2005 and $220,000 for 2006. This limit will be adjusted in future years as the limit is increased by the IRS.

  • Vacation and Sick Leave

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    Your Unused Vacation time is the number of weeks of outstanding, unused vacation time you have acrrued. If you have 4 weeks of unused vacation time, enter "4" into the unused Vacation box.

    Your Unused Sick Leave time is the number of weeks of outstanding, unused sick leave you have accrued. If you have 5 weeks of unused sick leave, enter a "5" into the unused Sick Leave box.

  • Rules and Regulations

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    Exactly which pension plan you are a member of has a strong impact on the amount you are paid out monthly in retirement. If you are a member of the Firefigher or Police Officer pension, your payout will max out slightly faster than the General Employees pension plans. The 2005 Amendment plan is voluntary to enter. It features a faster rate of accrual but also introduces a ceiling to your payout.

  • Summary of Pension

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