Allen County Public Library!

Allen County Public Library!
"Great Hall"

Friday, August 17, 2007

Rules for PERF eligibility

Q. Regarding our PERF accounts. Is everyone entitled to both the lump sum in their account AND their calculated monthly benefit upon retirement? Or is the monthly benefit only for employees working at least 40 hours?

A. All PERF Plan participants are entitled to have both an Annuity Savings Account AND the Defined Benefit Pension Plan. ACPL employees must be in regular (not temporary) positions of 30 hours/week or more to be eligible for PERF.

Peter

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