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Summary of Pension Revisions Under Assembly Bill 340

Summary of Pension Revisions Under Assembly Bill 340. Future Members. Applicable to new members as of January 1, 2013: Normal retirement age increased to age 62 with a 2% age factor Minimum retirement age increased to age 55 Age for maximum age factor increased from 63 to 65.

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Summary of Pension Revisions Under Assembly Bill 340