The 2012 Pension Reform bill (Second Engrossed Senate Bill 6378) changes early retirement rules for those who first establish membership on or after May 1, 2013. Members with 30 years of service credit at the time of retirement and who are at least age 55, will accept a benefit reduction of five percent for each year before age 65. They will not be eligible for the current early retirement options.
It’s important for you to understand how this law affects substitute teachers and classified substitutes.
Eligibility for the current early retirement factors
Eligibility for the 5% early retirement factor
If you have any questions regarding this DRS Notice, please contact Employer Support Services at 360- 664-7200, option 2, or 800-547-6657, option 6, option 2; or email us.