MSRS - Eligibility


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Last Updated: 04/13/2011

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	Eligibility

	For those hired on or after July 1, 1989: You are eligible for monthly benefits (or what we call vested), after three or more years of service, if you were hired before July 1, 2010 after five years of service, if you were first hired on or after July 1, 2010 You can start collecting full retirement benefits when you are age 66. Most employees can begin collecting a reduced monthly benefit at age 55 or later.
	For those hired before July 1, 1989: You can retire with full retirement benefits at age 65. You can also qualify for full retirement benefits if your age and years of service total 90 or more, which would make you eligible for the Rule of 90. For example, if you are age 60 with 30 years of service, you qualify for the Rule of 90. Most employees can begin collecting a reduced monthly benefit at age 55 or later. Some employees who were first hired before July 1, 1989, can retire at any age with 30 or more years of service.