Proratable Retirement

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Proratable Retirement

You may qualify for a proratable retirement if you:

Resign at age 60 or older
Have a minimum of 10 years of Connecticut service but fewer than 20 years of total service
File an Application for Retirement Benefits with this office.

Proratable retirement benefits are calculated as follows:

CT Service/10 = CT Service %
CT Service % X CT Years of Service X FTE plus 1% per year of non-CT Service = Total Service %
Total Service % X Final Average Salary X FTE = Proratable Retirement Benefit.

Proratable retirement example:

Member G retires age 62 with 15.2 years of full-time Connecticut service:

15.2/10 = 1.52%
1.52% X 15.2 X FTE = 23.104% of Final Average Salary

Connecticut Teachers' Retirement Board

Proratable Retirement