How KPPA computes Tier 2 benefits: formula and numeric examples
KPPA explained the Tier 2 benefit formula—Final Compensation × benefit factor × years of service—and provided examples showing nonhazardous and hazardous calculations and how early retirement reduces benefits.
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KPPA’s Presenter summarized the Tier 2 formula: Final Compensation multiplied by a benefit factor multiplied by years of service, and explained that benefit factors are set by statute and increase with more years of service.
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