all employees employed for at least months, membership in the retirement plan is a
condition of employment.
benefits are vested upon completion of full years of credited service.
ABC matches employee contributions at a rate of .
payments are based upon the employee's highest average salary earned during consecutive months of service and the
employee's age at retirement. Benefits for employees who achieve years or more of credited service, the
retirement benefit will equal percent of their average salary multiplied by
their years of credited service. For less than years of service, the retirement benefit will
equal percent of the average salary multiplied by
years of service.
maximum pension payable is limited to percent of the employee's average salary.
may retire at age 55 with full benefits.