Retirees
401(k) MAP / 457 RSVP / DROP / Fire & Police Supplemental Share Plan
- 401(k) MAP
- 457 RSVP
- DROP Account
- 175/185 Supplemental Share Plan (Police/Firefighters ONLY)
Insurance Plans
- 2010 Retiree Annual Open Enrollment Information and Forms (New)
- Benefit Providers Contact List and Age Limits (PDF)
- Medical Insurance Information
- Optional Insurance Plan Information
COLA (Cost of Living Adjustment)
The Pension Plan provides a 3% cost-of-living adjustment to your monthly retirement benefit each October 1st. Eligibility is as follows:
For General Employees, after the earliest of the following:
- you reach age 50 with 30 years of service
- you reach age 55
- your retirement date if your age exceeds above dates
For Firefighters, after the latter of:
- you reaching age 52 or
- your actual retirement date
For Police Officers, after the earliest of:
- Age 62 if your were hired on or after 1/1/89 or
- Age 55 if retiring on or after reaching Age 55 or
- Age 52 if you were hired prior to 1/1/89
If you are a Disability Retiree, the increase will be applied every October 1st after you start receiving payments, regardless of your age.
In the first year, the increase will be prorated if you have not been retired for a full year.
Health Care Supplement
If you receive a pension benefit from the Plan, you will also receive a monthly health care supplement of $5.00 per month for every year of pension participation with the City, up to a maximum of 30 years.
The Health Care Supplement will begin:
For General Employees, after the first full month after:
- you reach age 50 with 30 years of service, or
- you reach age 55, or
- your retirement date if your age exceeds above dates.
For Firefighters and Police Officers, after you reach Normal Retirement age.
If you are a Disability Retiree, the supplement will be paid to you after you begin receiving pension payments, regardless of your age.
If you are receiving a DROP benefit, the supplement will be paid to you after you discontinue DROP participation.
If a pension payment is made to your spouse after your death, this supplement will also continue to be paid.
Frequently Used Forms
All forms and publications you may need to assist you in managing your retirement benefits are located on the Forms and Publications page, however below are the forms most frequently requested by retirees:
- Name/Address Change Form (PDF)
- Beneficiary Designation Form (PDF)
- Direct Deposit Change Form for Pension Payment (PDF)
- W4P Form for Pension Payment (PDF)
- QDRO/IDO Information (PDF)
- Retiree Pay Calendar (PDF)