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The age of the officers at retirement ranged from 45 to 73, with the average being 55 years old. They had served on the force for an average of 26.4 years. Findings indicate that more than 89 percent remain alive.
Eligibility. To receive a pension benefit, you must have a minimum of 10 years of credited service with SERS. You may retire at: Age 67, with 10 years of credited service.
When am I eligible to retire? You are eligible to apply for a service pension when you are at least age 50 with 20 years of service. Learn how to apply for a service pension.
Most Illinois sworn personnel do not participate in Social Security for their public safety work. Chicago fire, Chicago police, most suburban and downstate police and fire, the State University police, Cook County, and state police all do not participate in Social Security.
The benefit is between $6,000 and $12,000. If an active officer's death is before age 50, the benefit is $12,000. After the age of 50, the benefit is reduced by $400 for each year the officer remains in active service but not reduced below $6,000.
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As a police officer you pay pension contributions at the rate of 11% of your pensionable salary per annum. However after taking into account the tax relief given on these pension contributions and the reduction in National Insurance Contributions the actual monthly cost equates to less than 7.2%.
The benefit is between $6,000 and $12,000. If an active officer's death is before age 50, the benefit is $12,000. After the age of 50, the benefit is reduced by $400 for each year the officer remains in active service but not reduced below $6,000.
The benefit is between $6,000 and $12,000. If an active officer's death is before age 50, the benefit is $12,000. After the age of 50, the benefit is reduced by $400 for each year the officer remains in active service but not reduced below $6,000.
Eligibility. To receive a pension benefit, you must have a minimum of 10 years of credited service with SERS. You may retire at: Age 67, with 10 years of credited service.
Beginning July 2, 1991, Social Security and Medicare coverage is mandatory for police officers and firefighters not covered by a qualifying (Social Security equivalent) public retirement system.

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