The MACPO Legislative Committee assigned an "Option 60" sub-committee
to look into an early retirement option for probation officers and corrections agents
funded by increased employee contributions to PERA.
PERA conducted an actuarial study in 2008, and the findings were presented
to MACPO on April 20th, 2009. Here are the results of the study in PDF format. Also, an informational newsletter was put together in October 2009, explaining the Early Retirement Option and how it works in PDF format.
