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Statewide Defined Benefit Plan for members of affiliated Social Security Employers <br />Normal <br />Retirement <br />The chart on this page <br />is applicable for the <br />Statewide Defined <br />Benefit Social Security <br />Supplemental Plan <br />for benefits eamed after <br />January 1, 2007. <br />FPPA Members who <br />earned benefits in the <br />Statewide Defined <br />Benefit Social Security <br />Supplemental Plan <br />prior to January 1, 2007 <br />should contact FPPA <br />for information about <br />your benefits. <br />1 <br />Years <br />Requirements <br />25 years of service and age 55 <br />Calculation <br />A 1% benefit for each year of service for the first 10 years, then a 1.25% benefit for each year of service <br />thereafter. The benefit is based on the average of the highest 3 years' base salary*. The year in which <br />a member retires may be considered in calculating the average of the member's highest 3 years' base <br />salary if the member retires on or after July 1. The chart below shows the estimated percentage factor <br />used to calculate the retirement benefit at each age and for each year of service. <br />Payment <br />Retirement and Separate Retirement Account (SRA) benefits, if any, are payable immediately once the <br />Retirement Application is approved by FPPA. The member may choose to defer receipt of SRA benefits <br />until as late as April 1st of the calendar year following the year in which the member turns age 70Y2. See <br />page 9 for more SRA information. <br />Age at Retirement <br />LH <br />Service <br />50 <br />51 <br />52 <br />53 <br />54 <br />55 <br />56 <br />57 58 59 <br />5 <br />3.22 <br />3.51 <br />3.83 <br />4.18 <br />4.57 <br />5.00 <br />5.00 <br />5.00 <br />5.00 <br />5.00 <br />6 <br />3.86 <br />4.21 <br />4.59 <br />5.02 <br />5.48 <br />6.00 <br />6.00 <br />6.00 <br />6.00 <br />6.00 <br />7 <br />4.50 <br />4.91 <br />5.36 <br />5.85 <br />6.40 <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />8 <br />5.15 <br />5.61 <br />6.12 <br />6.69 <br />7.31 <br />8.00 <br />8.00 <br />8.00 <br />8.00 <br />8.00 <br />9 <br />5.79 <br />6.31 <br />6.89 <br />7.52 <br />8.22 <br />9.00 <br />9.00 <br />9.00 <br />9.00 <br />9.00 <br />10 <br />6.43 <br />7.01 <br />7.65 <br />8.36 <br />9.14 <br />10.00 <br />10.00 <br />10.00 <br />10.00 <br />10.00 <br />11 <br />7.24 <br />7.89 <br />8.61 <br />9.40 <br />10.28 <br />11.25 <br />11.25 <br />11.25 <br />11.25 <br />11.25 <br />12 <br />8.04 <br />8.77 <br />9.57 <br />10.45 <br />11.42 <br />12.50 <br />12.50 <br />12.50 <br />12.50 <br />12.50 <br />13 <br />8.85 <br />9.65 <br />10.52 <br />11.49 <br />12.57 <br />13.75 <br />13.75 <br />13.75 <br />13.75 <br />13.75 <br />14 <br />9.65 <br />10.52 <br />11.48 <br />12.54 <br />13.71 <br />15.00 <br />15.00 <br />15.00 <br />15.00 <br />15.00 <br />15 <br />10.46 <br />11.40 <br />12.44 <br />13.58 <br />14.85 <br />16.25 <br />16.25 <br />16.25 <br />16.25 <br />16.25 <br />16 <br />11.26 <br />12.28 <br />13.40 <br />14.63 <br />15.99 <br />17.50 <br />17.50 <br />17.50 <br />17.50 <br />17.50 <br />17 <br />12.06 <br />13.15 <br />14.35 <br />15.67 <br />17.13 <br />18.75 <br />18.75 <br />18.75 <br />18.75 <br />18.75 <br />18 <br />12.87 <br />14.03 <br />15.31 <br />16.72 <br />18.28 <br />20.00 <br />20.00 <br />20.00 <br />20.00 <br />20.00 <br />19 <br />13.67 <br />14.91 <br />16.27 <br />17.76 <br />19.42 <br />21.25 <br />21.25 <br />21.25 <br />21.25 <br />21.25 <br />20 <br />14.48 <br />15.78 <br />17.22 <br />18.81 <br />20.56 <br />22.50 <br />22.50 <br />22.50 <br />22.50 <br />22.50 <br />21 <br />15.28 <br />16.66 <br />18.18 <br />19.85 <br />21.70 <br />23.75 <br />23.75 <br />23.75 <br />23.75 <br />23.75 <br />22 <br />16.09 <br />17.54 <br />19.14 <br />20.90 <br />22.85 <br />25.00 <br />25.00 <br />25.00 <br />25.00 <br />25.00 <br />23 <br />16.89 <br />18.41 <br />20.09 <br />21.94 <br />23.99 <br />26.25 <br />26.25 <br />26.25 <br />26.25 <br />26.25 <br />24 <br />17.69 <br />19.29 <br />21.05 <br />22.99 <br />25.13 <br />27.50 <br />27.50 <br />27.50 <br />27.50 <br />27.50 <br />25 <br />18.50 <br />20.17 <br />22.01 <br />24.03 <br />26.27 <br />28.75 <br />28.75 <br />28.75 <br />28.75 <br />28.75 <br />26 <br />19.30 <br />21.04 <br />22.96 <br />25.08 <br />27.42 <br />30.00 <br />30.00 <br />30.00 <br />30.00 <br />30.00 <br />27 <br />20.11 <br />21.92 <br />23.92 <br />26.12 <br />28.56 <br />31.25 <br />31.25 <br />31.25 <br />31.25 <br />31.25 <br />28 <br />20.91 <br />22.80 <br />24.88 <br />27.17 <br />29.70 <br />32.50 <br />32.50 <br />32.50 <br />32.50 <br />32.50 <br />29 <br />21.72 <br />23.68 <br />25.83 <br />28.21 <br />30.84 <br />33.75 <br />33.75 <br />33.75 <br />33.75 <br />33.75 <br />30 <br />22.52 <br />24.55 <br />26.79 <br />29.26 <br />31.99 <br />35.00 <br />35.00 <br />35.00 <br />35.00 <br />35.00 <br />31 <br />23.32 <br />25.43 <br />27.75 <br />30.30 <br />33.13 <br />36.25 <br />36.25 <br />36.25 <br />36.25 <br />36.25 <br />32 <br />24.13 <br />26.31 <br />28.70 <br />31.35 <br />34.27 <br />37.50 <br />37.50 <br />37.50 <br />37.50 <br />37.50 <br />33 <br />24.93 <br />27.18 <br />29.66 <br />32.39 <br />35.41 <br />38.75 <br />38.75 <br />38.75 <br />38.75 <br />38.75 <br />34 <br />25.74 <br />28.06 <br />30.62 <br />33.44 <br />36.55 <br />40.00 <br />40.00 <br />40.00 <br />40.00 <br />40.00 <br />35 <br />26.54 <br />28.94 <br />31.57 <br />34.48 <br />37.70 <br />41.25 <br />41.25 <br />41.25 <br />41.25 <br />41.25 <br />36 <br />27.34 <br />29.81 <br />32.53 <br />35.53 <br />38.84 <br />42.50 <br />42.50 <br />42.50 <br />42.50 <br />42.50 <br />37 <br />28.15 <br />30.69 <br />33.49 <br />36.57 <br />39.98 <br />43.75 <br />43.75 <br />43.75 <br />43.75 <br />43.75 <br />38 <br />28.95 <br />31.57 <br />34.45 <br />37.62 <br />41.12 <br />45.00 <br />45.00 <br />45.00 <br />45.00 <br />45.00 <br />39 <br />29.76 <br />32.44 <br />35.40 <br />38.66 <br />42.27 <br />46.25 <br />46.25 <br />46.25 <br />46.25 <br />46.25 <br />40 <br />30.56 <br />33.32 <br />36.36 <br />39.71 <br />43.41 <br />47.50 <br />47.50 <br />47.50 <br />47.50 <br />47.50 <br />41 <br />31.37 <br />34.20 <br />37.32 <br />40.75 <br />44.55 <br />48.75 <br />48.75 <br />48.75 <br />48.75 <br />48.75 <br />42 <br />32.17 <br />35.07 <br />38.27 <br />41.80 <br />45.69 <br />50.00 <br />50.00 <br />50.00 <br />50.00 <br />50.00 <br />Normal Retirement Early Reti ement Vested Retirement <br />Notes For service beyond 42 years and age 55, add 1.25% to 50% for each year over 42. Final calculations are made based <br />on the total years and months of service earned. Chart may not reflect the payout option selected by the member. <br />*Base Salary is defined in FPPA Rule 101.05. The FPPA Rules & Regulations may be viewed at FPPAco.org. <br />60+ <br />5.00 <br />6.00 <br />7.00 <br />8.00 <br />9.00 <br />10.00 <br />11.25 <br />12.50 <br />13.75 <br />15.00 <br />16.25 <br />17.50 <br />18.75 <br />20.00 <br />21.25 <br />22.50 <br />23.75 <br />25.00 <br />26.25 <br />27.50 <br />28.75 <br />30.00 <br />31.25 <br />32.50 <br />33.75 <br />35.00 <br />36.25 <br />37.50 <br />38.75 <br />40.00 <br />41.25 <br />42.50 <br />43.75 <br />45.00 <br />46.25 <br />47.50 <br />48.75 <br />50.00 <br />