2009 Benefit Changes. 1. A Safety Member, who is employed as a sworn officer of City Police Department and is hired by City on or after July 1, 2009 but before July 1, 2013, will not be entitled to a Retirement Calculation Factor of 3% unless and until the Safety Member reaches age 55 with at least ten years of Creditable Service. A Safety Member, who is employed as a sworn officer of City Police Department and is hired by City on or after July 1, 2009, will have the option to retire at age 50 after 20 years of Creditable Service with a proportionately reduced Retirement Calculation Factor, as set forth in the following table. Retirement Age Factor effective 07/01/09 for sworn City Police Officers hired on or after July 1, 2009 50 2.50% 51 2.60% 52 2.70% 53 2.80% 54 2.90% 55+ 3.00%
2009 Benefit Changes
