City of Burlington, Vermont

City of Burlington, Vermont

City Hall, 149 Church Street, Burlington, VT 05401
Call Us 802-865-7000 M-F 8-4:30pm   Email Us

 

How is my benefit calculated?

The formula is 1.60% x AFC x Service at age 65 not more than 25 years, plus .5% x AFC x Service at age 65 more than 25 years. AFC is your Average Final Compensation, which is the average of your best three years of base earnings. For certain employees hired on or after 1/1/06 the accrual rate is 1.40%.