$2,333 (FAS) x .0167 x 28.25 years = $1,100.65 (Refund Annuity amount)
Option 1 total* = $1,112.65
* Converted from the Refund Annuity amount because the member chose an optional form of payment.
Note: Both the employer and employee account balances fund this benefit. The amount is reduced if you take your retirement benefits early. The amount will also increase or decrease if you participated in the Variable Annuity Program after January 1, 1982, and have not made a one-time variable transfer.