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Coral Springs Police Department Human Resources Unit

Law Enforcement Officer Pension Plan

Benefit Formula:
3.0% Average Monthly Earnings multiplied by Credited Service

Employee Contribution:
8.0%

Vesting:
Ten (10) years of continuous service

Normal Retirement:

  • 25 years of Service regardless of age
  • 55 years old with ten (10) years of continuous service

Early Retirement:

  • 50 years old with ten (10) years of continuous service (Participant’s benefit is reduced by 5/9% for each month by which the participant’s early retirement age precedes age 55)

Past Service:
Participants may purchase a maximum of two (2) years of continuous service credit for non-covered military or prior law enforcement service after completing ten (10) years of continuous service

Deferred Retirement Option Plan (“DROP”):
Five (5) years