Retirement Timing
Effective January 1, 2016 employees wishing to retire are required to file their Application for Retirement with COPERS 14 or 30 calendar days prior to the date of retirement.
Rule of 80 or 87 - 14 calendar days
Age 60 w/10 years - 30 calendar days
Age 62 w/5 years - 30 calendar days
Please see Administrative Regulation 2.441(A) for complete information.
If you have any questions, please contact Retirement at (602) 534-4400.
Estimated Impact of Sick Leave Snapshot Change on COPERS' Pension (Tier I Members Only)
Your pension is calculated on your high three years of compensation (consecutive years) within your last ten years. For most employees, your last three years preceding your retirement are the highest. Any loss of compensation within this three year period will decrease your pension amount. Service credit is not impacted as long as 80 hours are worked each month.
Sample Reductions to Pensions due to Sick Leave Snapshot:
Units I, II, III, VII, VIII (PDF)
Executive and Middle Managers (PDF)
Members will be granted service credit for unused sick leave after receiving any eligible payment for unused sick leave as authorized by the City.
