Free Pension Benefit Estimator
Estimate your pension benefit using a typical defined benefit formula based on years of service and salary.
years
USD
%
Annual Pension Benefit
$31,875
Monthly Pension$2,656
Income Replacement Rate37.5 %
Annual Pension Benefit vs Years of Service
Defined Benefit Pension Formula
Annual Pension = Years of Service x Multiplier x Final Average Salary
The multiplier typically ranges from 1% to 2.5% per year of service.
Example Multipliers
Example Calculation
25 years of service, $85,000 final average salary, 1.5% multiplier.
- 01Annual pension = 25 x 0.015 x $85,000
- 02= 0.375 x $85,000 = $31,875/year
- 03Monthly = $31,875 / 12 = $2,656
- 04Replacement rate = 25 x 1.5% = 37.5%
Frequently Asked Questions
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