Retirement.futureyears.com
Retirement Age
Retirement Homes
Retirement Planning Tips
Retirement Calculator
Retirement Investment
Retirement Services
Retirement Strategies
Retirement Advisor
Retirement Savings Calculator
Retirement Planner
Retirement Plan
more...
Retirement Gifts
Retirement Communities
Retirement Age
Retirement Living
Retirement Pension
Individual Retirement Account
Early Retirement
Retirement Income
Retirement Savings
Retirement Guide
401 (k) account
Savings for retirement
Retirement Money
Disability Retirement
Retirement Taxes
Non traditional retirement communities
Retirement Account
Retirement Emergency Funds
Military Reserve Component Retirement
Annuities
Military Retirement Pension
Retirement Risks
Retirement Parties
403 (b) plan
Some tips for market investing
Recession forces retirees to put off their retirement plans
Lessons to be learnt from pension fund loss
Retirees seek new job due to recession
Fixed income plans may be required in 401 (K) schemes
Ways to manage your retirement after your portfolio
Prevent recession from hitting your job and finances
Around $72 million to be spent by Retirement Fund on benefits
Make your retirement lifestyle recession proof
Increase your retirement savings to combat recession
Home » Retirement Age » Police Retirement Age



Police Retirement Age

Effective July 1, 1997, all the police personnel except the elected officials have to retire at the age of 65, which is the mandatory police retirement age in U.S. It is a custom to file a retirement application before you reach at the age of 65, but if you donít file a retirement, you get retired automatically on the very first month after you reach 65. However, in order to get the retirement benefits, you must file the retirement application.

The Police retirement age may however vary depending upon the types of retirement. Though the mandatory police retirement age in U.S. is 65, there are certainly some variations. The elected officials are exempted from the mandatory retirement. In service retirement, you can retire at the age of 55. Similarly, other retirement types allow different retirement age. No need to add here that, retirement benefits would also depend upon the age you retire.

Types of Retirement There can be several types of retirement in police, which will have different police retirement age.

Service Retirement

In service retirement, you can opt for retirement at the age of 55 years with no minimum amount of service required. Police personnel of any age can go for service retirement if they have 20 or more years of service credit.

Special Retirement

You can opt for special retirement if you have 25 years or more service credit. Your annual pension would be calculated by adding 65 percent of your Final Compensation with 1 percent for each service year that you serve over 25 years (not exceeding 30 years).

Deferred Retirement

Deferred retirement is for those who have 10 years of service credit and are under 55 years of age at the time of termination. The annual pension will be calculated by multiplying the year of service with 2 percent of the Final Compensation.