Maximum Age Factors
Age is one of the factors used in retirement benefit calculations. For calculation purposes, a member’s age increases in quarters on their birthday, and every three months thereafter. When a member is between quarters, the age is rounded down to the nearest 0.25.
If you are no longer working as an active VCERA member and reach the highest age listed below next to your benefit tier, postponing your retirement until you reach a higher age will not increase your benefit.
|Benefit Tier||Maximum Age Factor|
|Safety Tier 1 COLA||55|
|Safety Tier 7 COLA||57|
|General Tier 1 COLA||65|
|General Tier 2 and General Tier 2 COLA||65|
|General Tier 5 COLA, General Tier 6, and General Tier 8 COLA||67|