Your contributions to the pension fund, the investment earnings on total contributions and an annual appropriation from the State General Fund pay the cost of providing your pension fund benefits.
Your share of the cost is currently $15 per month ($180 annually). Cash is not accepted as a form of payment. The acceptable methods of payment are personal check, money order, or cashier’s check.
Members normally must pay into the pension fund for 20 years to receive a monthly benefit at retirement.
This page was last modified on 11/04/2024