Defined-benefit plans using pensionable salary × credited service × accrual factor only. Enter administrator-confirmed salary, service, factor and benefit reduction. Eligibility, early-retirement rules and survivor elections must be established separately. Not defined-contribution balances or a determination of any national pension entitlement. Excludes tax and COLA.
Defined-benefit plans using pensionable salary × credited service × accrual factor only. Enter administrator-confirmed salary, service, factor and benefit reduction. Eligibility, early-retirement rules and survivor elections must be established separately. Not defined-contribution balances or a determination of any national pension entitlement. Excludes tax and COLA.
Enter your values and run the tool to see your result.
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
salary*service*accrual/100*(1-reduction/100)salary*service*accrual/100*(1-reduction/100)/12