Pension Fund Benefit Rates
History of Pension Fund Benefit Rate
Effective Dates |
Maximum Years of Service |
Benefit Rate |
| 07/01/68 – 12/31/69 | 25 | $4.25 |
| 01/01/70 – 06/03/72 | 25 | 9.00 |
| 07/01/72 – 06/30/73 | 25 | 13.00 |
| 07/01/73 – 05/31/78 | 25 | 16.00 |
| 06/01/78 – 05/31/80 | 25 | 20.00 |
| 06/01/80 – 12/31/80 | 25 | 22.00 |
| 01/01/81 – 06/03/81 | 25 | 25.00 |
| 07/01/81 – 12/31/81 | 25 | 30.00 |
| 01/01/82 – 05/31/82 | 25 | 33.00 |
| 06/01/82 – 06/03/84 | 25 | 39.00 |
| 07/01/84 – 11/30/84 | 25 | 46.00 |
| 12/01/84 – 03/31/85 | 25 | 48.00 |
| 04/01/85 – 06/03/86 | 25 | 50.00 |
| 07/01/86 – 06/03/88 | 25 | 53.00 |
| 07/01/88 – 06/03/89 | 30 | 57.00 |
| 07/01/89 – 04/03/91 | 30 | 74.00 |
| 05/01/91 – 06/30/92 | 30 | 80.00 |
| 07/01/92 – 06/30/93 | 30 | 84.00 |
| 07/01/93 – 05/31/94 | 30 | 86.00 |
| 06/01/94 – 06/30/95 | 33 | 86.00 |
| 07/01/95 – 06/30/96 | 33 | 88.00 |
| 07/01/96 – 06/30/97 | 33 | 90.00 |
| 07/01/97 – 06/30/98 | 33 | 96.00 |
| 07/01/98 – 06/30/99 | 33 | 98.00 |
| 07/01/99 – 06/30/00 | Unlimited | 100.00 |
| 07/01/00 - 06/30/01 | Unlimited | 104.00 |
| 07/01/01- 06/30/02 | Unlimited | 109.00 |
| 07/01/02 - 06/30/05 | Unlimited | 115.00 |
| 07/01/05 - 06/30/06 | Unlimited | 118.00 |
| 07/01/06 -06/30/07 | Unlimited | 121.00 |
| 07/01/07 - | Unlimited | 124.00 |