Your basic annual pension benefit is calculated when you retire. Your benefit is based on your credited service (CS) and highest average compensation (HAC).
Pension Formula for Normal Retirement
At or after age 65, with at least five years of credited service
| 2.75% x CS x HAC up to $10,0001 | |
| + | 1.6% x CS x HAC over $10,000 |
| ------------------------------------- | |
| = | Basic Annual Pension |
1Or your highest average compensation, if it is below $10,000.
Help
Email: Request a pension estimate
Phone: (866) 802-6333
Monday - Friday
8:30 a.m. to 4:45 p.m. (Eastern)
Calculate your benefit for:
Early Retirement
30-Year Early Retirement
Minimum Pension
Credited Service (CS)
is the period of years and months you have served for which assessments have been paid.
Highest Average Compensation (HAC)
is generally the average of the highest-paid seven out of eight consecutive 12-month periods in your ministry on which assessments have been paid.
(To estimate your CS and HAC, consult the Personal Information Summary sent to you each year)