Police retirement is mandatory upon reaching age 55. If you do not file an application for
retirement before your mandatory retirement date, you will be automatically
retired by the Board of Trustees on a Service Police Retirement, effective the first
day of the month immediately following your 55th birthday. Even though the Board
of Trustees has retired you, you cannot begin receiving benefits until you have
filed a police retirement application with the Division of Pensions and Benefits.
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Police Service Retirement is available at any age when you complete 20 years of creditable service as a member of SPRS. The amount of your annual police retirement allowance is equal to 50 percent of your final compensation. Final compensation means the base or contractual wages (including maintenance) you received during the 12 months preceding retirement.
If you are retiring on a mandatory retirement at age 55 and you were an active member of the retirement system on August 29, 1985, Chapter 175, P.L. 1985 guarantees you a service police retirement benefit of 50 percent of your final compensation, even if you have not completed 20 years of service with the State Police.
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The police retirement Pension Adjustment Program provides a cost-of-living adjustment (or COLA) to you and your eligible survivors if you are receiving a monthly retirement allowance from one of the state-administered retirement systems listed above. Your first COLA is paid in your pension allowance the 25th month after your date of police retirement. Subsequent cost-of-living adjustments are computed annually and the adjustment is reflected in the February 1st check (which is payment for the month of January). If your spouse or beneficiary is entitled to receive a monthly pension upon your death, the COLA will be applied to that benefit based upon your year of police retirement.