Retirement Benefit

The POAB Fund provides monthly benefits to all members who meet Vesting Requirements. The service credit on which a member’s retirement benefit is based cannot be increased for pension purposes. That means that once your retirement is approved by the Board, your service credit is locked in—you cannot return to active status with the Fund to increase your monthly benefit.

As of July 1, 2021, the base rate for each year of creditable service is $30.00. The base rate pension amount (Single Life Option) is calculated by multiplying the years and months of creditable service by the Base Rate Amount.

Examples:

• 10 years X $30.00 = $300.00 per month
• 18 1/2 years X $30.00 = $555.00 per month
• 28 1/2 years X $30.00 = $855.00 per month
• 30 years X $30.00 = $900.00 per month (Maximum)

At retirement, a member can choose to designate survivor benefits to a spouse. The Retirement Options are determined by the member's age and spouse's age at the member's retirement with the POAB Fund.

Effective 7-1-2024

Retirees may draw their pension without restriction while working in law enforcement.  

Request your personalized retirement application 4-6 weeks before you are eligible to retire with the POAB Fund. Members must apply within 90 days from the date of eligibility to avoid losing retirement benefits.

After 90 days, the Fund will not provide retroactive retirement benefits; the member's retirement will be Effective upon Receipt. Members who are unable to apply within 90 days because of extenuating circumstances will need to request retroactive benefits by writing to the Board of Commissioners.