The Hybrid Option refers to the Tier 2 Hybrid Retirement System. This is a retirement option for the Tier 2 Public Employees Contributory Retirement System and the Tier 2 Public Safety and Firefighter Contributory Retirement System.
The Hybrid Option combines a pension and a possible employer 401(k) contribution, depending on the pension contribution rate. A pension provides a lifetime income stream based on a set formula.
This brochure gives a brief overview of the Hybrid Option
» Hybrid Option Basics: Public Employees
» Hybrid Option Basics: Public Safety and Firefighter
The Highlights brochure provides detailed terms and conditions about your benefit
» Tier 2 Public Employees Highlights Brochure
» Tier 2 Public Safety and Firefighter Highlights Brochure
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