Definitions
Transferring Service
Member Handbook -
Can I transfer in service?
Termination - Reciprocal transfer
Member FAQ -
Transferring Service
Pensionable Service
The period of employment of a Plan Member that is used to calculate the pension benefit. It can include purchased service and transferred in service.
Commuted Value
The amount that a Member's deferred pension is worth today, in a lump sum. It is calculated using recent bond rates and the Member's age at the time of termination.
October 2004
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