MAJOR RETIREE HEALTH INSURANCE REFORM LEGISLATION IS ON THE HORIZON AIMED AT SLASHING FUTURE RETIREE BENEFITS

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Online Estimate of Benefits Calculator

Notice to New Members
If your retirement membership date is after 4/1/2012 and you would like an estimate of benefits, this online calculator cannot be used to obtain an estimate. In that case you may contact the Retirement Office for assistance and/or utilize the updated age factor tables located at the Forms and Guides page.

Disclaimer
This estimate of benefits is in not a guarantee of actual benefits that may be due. If you've had gaps in service, or a significant reduction to your weekly hours, it's likely that won't be reflected here. If any of your wages were not correctly reported in regards to your retirement membership, the estimate provided here will not account for that.

Salaries are approximated and are generally reported a bit low due to available data parameters. Your actual average salary is likely to be slightly higher than reported here, though occasionally a misreporting of wages may result in an inflated figure.

Upon retirement, your creditable service and wages will be verified manually.

Salary and creditable service can be manually overridden by the user. For example, if you know you will be completing a purchase of creditable service, you can add those years and months to the current reported creditable service to see how that benefits you. Or if your estimate is for many years from now, you may wish to enter your current salary (excluding overtime).

The main wage types that count towards retirement salary are regular hours (including vacation, sick, personal and shift differential) & longevity. Educational incentive payments and payments for holding a license or certification may also count.

If you have any questions about salary or creditable service reported here, or any other questions or issues, please contact me.

David Shipka
Retirement Administrator
413.587-1211