Retirement

(according to the 2007-2011 Agreement between the State and the AFT-Article XV)

Conditions of retirement are set forth in the statutes governing the Teachers' Pension and Annuity Fund, the Alternate Benefit Program or the Public Employees' System, as may apply.  

Effective July 1, 2004 the employee contribution to the Public Employees' Retirement System shall increase from 3% to 5%.

Also consult the Office of Human Resources webpage on benefits for additional information about retirement and pension plans .

posted 1/08