City/Board of Lights and Water (BLW) defined benefit general pension plan (employee contribution of 4%)
Fully vested in defined benefit pension plan after ten years of service
Early retirement available at a reduced benefit
No Social Security deduction means 6.2% of your salary is in your pocket
City/BLW-funded defined contribution supplemental pension plan in lieu of Social Security (6.13% of earnings for full-time employees after one year, 7.5% for part-time employees immediately)