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Please read BEFORE using a benefit estimator!
NPERS provides benefit estimators for use as an
educational tool to help you plan for retirement and provide estimated financial information.
The benefit estimators calculate monthly pension amounts for School, Judges and State Patrol
plan members. State and County plan members who are considering purchasing an
annuity can use the estimator to determine monthly benefits under each of the
annuity options. For a complete listing of your options at retirement please
refer to your member handbook (available in
the Publications section).
Estimates created by the benefit estimators are not an official estimate,
and NPERS is not bound by the results. Actual benefits will be determined upon
receipt of an application for retirement, per applicable state statues.
The results provided by a benefit estimator should be considered approximations
of any benefit or value. They may not reflect the actual amount you will receive
when you retire.
When using a Benefit Estimator:
- None of the estimates take into consideration any taxes that may be due
when funds are received.
- The Benefit Estimator does not reflect actual or projected changes in the
Consumer Price Index.
- Federal law may limit benefits to some highly compensated members.
School, Judges and Patrol Estimators
The School, Judges and Patrol estimators require you to enter information
regarding your salary and service, then calculate an estimated benefit based on the
information you provide. You may input estimated future account balances,
retirement dates, or service credit in order to "guesstimate" what your benefit
might be when you reach retirement. Estimated benefits are not captured
or saved with the estimator.
Criteria for determining your retirement benefit:
If you are a member of the School, Judges, or Patrol retirement plans (DB Plans), your benefit is based on:
- Your salary for your three highest 12 month periods. (Average Compensation)
- Your total years of service credit.
- Your age and your beneficiary(s) age on the date your benefits begin. (Effective Date)
- The annuity (pension) option selected.
- The laws in effect at the time you cease or ceased employment. This determines the formula factor
to be used in your benefit calculation.
State and County Estimators
The State and County estimators require you to enter information
regarding your age, retirement date and account balance, then calculate an estimated benefit based
on the information you provide. You may input estimated future account balances or retirement dates
in order to "guesstimate" what your benefit might be when you reach retirement. Estimated benefits are
not captured or saved with the estimator.
Criteria for determining your retirement benefit:
If you are a member of the State or County retirement plans (DC Plans), your annuity is based on:
- The total dollars in your retirement account and how much of it you decide to use when purchasing the annuity.
- The annuity option selected.
- Your age and your beneficiary(s) age on the date benefits are to begin.
- The laws in effect at the time you cease or ceased employment.
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