Nycers Tier 4 Early Retirement Penalty - RetirementTalk.net
https://www.retirementtalk.net/nycers-tier-4-early-retirement-penalty/
Jan 18, 2022 · For Tier 3 and 4 members, if you retire with less than 20 years of service, the formula is FAE × 1.66% × years of service. Between 20 and 30 years, the formula becomes FAE × 2.00% × years of service. After 30 years of service, your pension benefit continues to increase at a rate of 1.5 percent of FAE for each year of service.
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