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Tier 2 Elections

Number of Tier 2 Employees

Hired After July 1, 2011; as of January 1, 2025

Tier 2 Employees Hired 130,600
Tier 2 Employees Terminated 60,533
Tier 2 Active Employees 70,067

Tier 2 Elections of Active Employees

Hired After July 1, 2011 | 70,067 Active Employees | as of January 1, 2025

Count     Percentage
Hybrid Retirement System 47,035 77.4%
DC-only Plan 13,763 22.6%
Still within first year and can choose 9,269

Tier 2 Elections of Terminated Employees

Hired After July 1, 2011 | 60,533 Terminated Employees | as of January 1, 2025

Count    Percentage
Hybrid Retirement System 47,234 80.0%
DC-only Plan 11,780 20.0%
Still within first year and can choose 1,519