1. What is the Connecticut Hazardous Duty Pension?

The Connecticut Hazardous Duty Pension is a retirement benefit program for public safety employees who perform hazardous duties. It provides enhanced benefits with a higher multiplier compared to standard pension plans.

2. How Does the Calculator Work?

The calculator uses the Connecticut hazardous duty pension formula:

Where:

• \( YS \) — Years of Service
• \( FAS \) — Final Average Salary (USD)
• \( 2.5\% \) — Hazardous duty multiplier

Explanation: The formula calculates the annual pension by multiplying 2.5% times the years of service times the final average salary. This higher multiplier reflects the hazardous nature of the work.

3. Importance of Pension Calculation

Details: Accurate pension calculation is crucial for retirement planning, ensuring public safety employees receive the benefits they've earned through years of hazardous service.

4. Using the Calculator

Tips: Enter years of service (can include decimal values for partial years) and final average salary in USD. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Who qualifies for hazardous duty pension in Connecticut?
A: Typically includes police officers, firefighters, correction officers, and other public safety personnel who perform hazardous duties.

Q2: What is considered Final Average Salary (FAS)?
A: FAS is usually the average of the highest 3-5 years of salary, depending on the specific pension plan provisions.

Q3: Is there a maximum years of service limit?
A: Most plans have a maximum service credit limit, typically around 35-40 years, but this varies by specific pension system.

Q4: Can I include overtime in FAS calculation?
A: This depends on the specific pension plan rules. Some plans include overtime, while others use base salary only.

Q5: Are there early retirement reductions?
A: Yes, retiring before normal retirement age may result in benefit reductions. Check with your specific pension system for details.