Susan, Claire and Ted all begin their volunteer service on January 1, 2015. That date is Susan's 55th birthday, Claire's 51st birthday and Ted's 46th birthday. On January 1, 2024, Claire and Ted end their volunteer service and apply for a distribution with nine years of service credit. One year later, on January 1, 2025, Susan ends her volunteer service and applies for a distribution with 10 years of service credit.

Age 60 or older with 10 years or more of volunteer service credit
Susan applies for a distribution on her 65th birthday with 10 full years of volunteer service credit. Therefore, she is entitled to all matching contributions, if any. Her lump-sum payment will equal the sum of 1) her contributions; 2) contributions made on her behalf by her local department and local government, if any; 3) 100% of contributions made on her behalf by the state's general fund appropriations, if any; and 4) any associated investment gains or losses.
Age 60 with fewer than 10 (but at least 5) years of volunteer service credit
Claire applies for a distribution on her 60th birthday with nine years of service credit. Therefore, her lump-sum payment will include only 70% of contributions made by the state's general fund appropriations, if any, but 100% of all other investment gains and contributions made by her or on her behalf. The 70% rate will also apply to any investment gains or losses applicable to the state's contributions, if any, made on Claire's behalf.
Age 55 (or any age prior to age 60)
Ted applies for a distribution on his 55th birthday with nine years of service. Because he applied for a distribution prior to his 60th birthday, Ted is only entitled to collect a lump-sum equal to his own contributions, less investment losses and a $25 administrative fee. All other contributions made on his behalf, including associated investment gains or losses, are irrevocably forfeited.