August 11, 2021 00:20 Updated Follow The change is expected to be effective April 1, 2017, with a contract finalized by Jan. 31, 2017. Related articles When should I start thinking about planning for retirement? How do I find the Pension Identification (PID) number for my PERF or TRF retirement account? Will using an outside annuity provider affect current or future retirees' pension benefits? What is the difference between a defined benefit (pension) and defined contribution? What is Hero's Honor?