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Pension Benefit Calculator

Pension Calculator - General employee

Please select plan type:
Early or Normal Retirement?
# Years Pension Participation at Retirement (including City Buyback Service):
× =
# Years Non-City Buyback Service (Military or Out-of-City Public):
× =
*Total Accrual

Retirement Eligibility for General employees. (Part C Participants)
Normal: Either 30 years of service or age 62 and 5 years of service.
Early: Either 25 years of service or age 55 and 5 years of service.


Accrual Percentage for General Employees: 2.25% per year.
Out of City and Military Buyback Service 2% per year.

Salary Subject to Pension (Calendar):  
Average Yearly Salary:

Leave Hours Available for Pension Benefit

Leave hours were capped as of July 1, 2011. You may only use your capped leave hours up to the 240 max in the calculation.
(Capped leave hours may be viewed in PeopleSoft Self-Service – to Benefits- Retirement Planning Info)
If you were hired on or after July 1, 2011, leave hours cannot be included in your calculation.
Sick Hours  

(1/2 of sick hours will be used for calculation.)

Personal Hours 

 

Total Hours for Calculation 

 

Hourly Rate 

 

*** Leave Payment 

 

Average Monthly Base Salary 

 

X Total Accrual Percentage % 

 

Monthly Base Benefit w/ Leave 

 

Monthly Base Benefit w/o Leave 

 

You're not eligible for Normal retirement 

You are eligible for Normal Retirement if you have Either 30 years of service or age 62 and 5 years of service. 

Average Monthly Base Salary =
(Sal Year1 + Sal Year 2 + Sal Year 3 + Annual Leave Payment) / 36 * Accrual Rate

 

Age at Retirement?  
# Years Between Early and Normal Retirement 

 

Per Year Adjustment % 

 

Total Adjustment % 

Monthly Base Benefit w/ Leave 

 

Reduction for Early Retirement 

 

Early Monthly Base Benefit 

 

You're not eligible for early retirement

You are eligible for Early Retirement if:
you have completed 25 years of service with the City, regardless of your age; or you reach at least age 55 and have 5 years of service with the City.


*The maximum accrual allowed is 81%.
** Per Year Adjustment for Early Retirement may actually be lower depending on number of years service and age at retirement.
*** Salary and leave information may be viewed on PeopleSoft Self-Service under Benefits, Retirement Planning Info.

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