Pension Benefit

The POAB Fund provides monthly benefits to all members who meet Vesting Requirements. 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.

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.

Retirees Returning to Law Enforcement are required to inform the Fund of their employment. Retired officers with less than 30 years of POAB service credit are eligible to work in law enforcement no more than 1,040 hours within a calendar year. Retirees with less than 30 years of creditable service who return to law enforcement are required to inform the POAB Fund of his/her return to law enforcement.