If you are experiencing any COVID-19 symptoms please call the BROWARD CORONAVIRUS CALL CENTER HOTLINE: 954-357-9500.
|Employee Contribution Rate
||10% (Closed to New Members)
||Determined Annually by Pension Board Actuary
||50% after Five Years of Continuous Service
|Normal Retirement Eligibility
||Age 62, or age 55 with ten years of service
|Normal Form of Benefit
||Single Life Annuity
|Average Monthly Earnings
||Based on highest consecutive three years of the ten full years immediately preceding retirement or termination date
||Annual COLA 2% on January 1 for qualified members
||Stipend for members not retired and were active participants as on January 1, 2000. Two hundred dollars ($200.00) monthly to age 65 or one hundred fifty dollars ($150.00) monthly after age 65.
|Assumed Rate of Return
||Entry Age Normal
||RP-2000 Projected Using Scale BB (FRS Assumption)