What is the correct combination for the maximum multiplier for 30 years TAFMS and the additional multiplier beyond 30 years?

What is the correct combination for the maximum multiplier for 30 years TAFMS and the additional multiplier beyond 30 years?

• A. 75 percent; 2.5 percent
• B. 80 percent; 2.0 percent
• C. 70 percent; 2.5 percent
• D. 75 percent; 2.0 percent

Answer: (A)

The multiplier for retirement benefits is set with a cap at 75 percent for the first 30 years of service, and then it adds 2.5 percent for each year beyond 30. So the maximum multiplier at 30 years is 75 percent, and the additional increment beyond 30 years is 2.5 percent per year. For example, at 31 years you’d have 75% + 2.5% = 77.5%, and so on. The other options don’t fit because they either change the 30-year cap or alter the per-year increment, which isn’t how this formula is defined.

The multiplier for retirement benefits is set with a cap at 75 percent for the first 30 years of service, and then it adds 2.5 percent for each year beyond 30. So the maximum multiplier at 30 years is 75 percent, and the additional increment beyond 30 years is 2.5 percent per year. For example, at 31 years you’d have 75% + 2.5% = 77.5%, and so on. The other options don’t fit because they either change the 30-year cap or alter the per-year increment, which isn’t how this formula is defined.