Transportation Dept Pilots Retirement Plan
This plan closed to new members effective January 1, 2008. There are no active members contributing to this plan.
The Transportation Department Pilots Plan (Pilots Plan) covers pilots and chief pilots employed by the Department of Transportation (DOT). The plan was established to meet the mandatory early retirement requirements of DOT pilots.
The Pilots Plan provides retirement, survivor and disability coverage. Once retired, you receive a monthly retirement benefit for life with potential post-retirement increases. Depending on the option you select at retirement, your survivor(s) may be eligible to receive a lifetime benefit upon your death.
Unique Plan Features
With the exception of the plan features described below, the Transportation Pilots Retirement Plan follows the same provisions as the General Employees Retirement Plan.
|Contribution Rate|| |
There are currently no active members contributing to this plan. For historical purposes, here were the contribution rates:
|Normal (Full) Retirement Age|| |
Age at which you can collect an unreduced (full) retirement benefit. Eligibility:
|Early Retirement Age|| |
Earliest age you can retire; however, your retirement benefit will be reduced:
|Age 65, per Commissioner of Transportation policy|