Choosing a Retirement Date
Members

Choosing a Retirement Date

Carefully selecting a retirement date can increase your benefit

We want you to get the most out of HOOPP when you retire.

Your pension benefit is based on a formula that factors in your total years of contributory service and your “best five” consecutive years of annualized earnings, known as your average annualized earnings. Your pension will grow with increases in your annualized earnings, contributory service, and eligibility service.

If you can, try to retire after you reach an important birthday or an eligibility service milestone.