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The 85-point rule is only one of the three ways you can qualify for retirement. You can retire at age 55 with 10 years of service, even without 85 points. There is a 0.6% reduction for each month you are between age 55 and age 60, and a 0.2% reduction for each month you are between age 60 and age 62.
KPERS 1, KPERS 2 and KPERS 3 members vest with five years of service.
KPERS calculates a benefit based on your contribution account balance and the value of your retirement credits. KPERS pays you a monthly benefit for the rest of your life.
The KPERS Trust Fund is made up of contributions and investment income. You put 6% of every paycheck into the Retirement System. And your employer contributes, too. Then we invest the money to pay you a lifetime monthly benefit in retirement.
The average KPERS member retires at age 62 with 20 years of service. At age 62 with a final salary of $40,000, he will receive full KPERS benefits and a reduced benefit for early retirement from Social Security.