Tier 1 covers those employees who were hired before February 15, 1980.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Benefits will be calculated by combining following the outputs. The combination of items 1,2, and 3 below cannot exceed 80% of the Average Base Pay.
2.5% of the Average Base Pay multiplied by the number of service years up to 20 years.
3.0% of the Average Base Pay multiplied by the number of service years exceeding 20 years.
2.5% of the Average Base Pay multiplied by the years of other creditable service.
3.0% of the Average Base Pay multiplied by the number of the unused sick leave hours converted into years.
Tier 2 covers those employees who were hired on or after February 15, 1980, but before November 10, 1996.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Benefits will be calculated by combining following the outputs. The combination of items 1,2, and 3 below cannot exceed 80% of the Average Base Pay.
3.0% of the Average Base Pay multiplied by the number of service years exceeding 25 years.
2.5% of the Average Base Pay multiplied by the number of service years up to 25 years.
2.5% of the Average Base Pay multiplied by the number of the additional service years for which you are eligible.
3.0% of the Average Base Pay multiplied by the number of the unused sick leave hours converted into years.
Tier 3 covers those employees who were hired on or after November 10, 1996.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Benefits will be calculated by combining following the outputs. The combination of items 1,2, and 3 below cannot exceed 80% of the Average Base Pay.
2.5% of the Average Base Pay multiplied by the number of service years.
2.5% of the Average Base Pay multiplied by the number of the additional service years for which you are eligible.
3.0% of the Average Base Pay multiplied by the number of the unused sick leave hours converted into years.
If you have further questions about how to calculate your retirement benefits, please contact your human resources department.
Tier 1 covers those employees who were hired before February 15, 1980.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Benefits will be calculated by combining following the outputs. The combination of items 1,2, and 3 below cannot exceed 80% of the Average Base Pay.
3.0% of the Average Base Pay multiplied by the number of service years exceeding 20 years.
2.5% of the Average Base Pay multiplied by the number of service years up to 20 years.
2.5% of the Average Base Pay multiplied by the number of the additional service years for which you are eligible.
3.0% of the Average Base Pay multiplied by the number of the unused sick leave hours converted into years.
When entering your unused sick leave hours, please be sure to verify the amount of hours you work per year and select either 2080 or 2184 hours.
Tier 2 covers those employees who were hired on or after February 15, 1980, but before November 10, 1996.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Benefits will be calculated by combining following the outputs. The combination of items 1,2, and 3 below cannot exceed 80% of the Average Base Pay.
3.0% of the Average Base Pay multiplied by the number of service years exceeding 25 years.
2.5% of the Average Base Pay multiplied by the number of service years up to 25 years.
2.5% of the Average Base Pay multiplied by the number of the additional service years for which you are eligible.
3.0% of the Average Base Pay multiplied by the number of the unused sick leave hours converted into years.
When entering your unused sick leave hours, please be sure to verify the amount of hours you work per year and select either 2080 or 2184 hours.
Tier 3 is for those employees who are hired on or after November 10, 1996.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Benefits will be calculated by combining following the outputs. Benefits Combination of items 1,2, and 3 below cannot exceed 80% of the Average Base Pay.
2.5% of the Average Base Pay multiplied by the number of service years.
2.5% of the Average Base Pay multiplied by the number of the additional service years for which you are eligible.
3.0% of the Average Base Pay multiplied by the number of the unused sick leave hours converted into years.
When entering your unused sick leave hours, please be sure to verify the amount of hours you work per year and select either 2080 or 2184 hours.
If you have further questions how to calculate your benefits, please contact your human resources department.
Average Base Pay is calculated based on your input in the 'Estimated High Average Base Pay' field. If you enter a number in the the first average base pay field (#1) only, the calculator will use that figure as an average. If you put more than one figure in the fields provided, your entries will be averaged to determine your Average Base Pay.
Total service years for teachers are determined by the combination of service years, additional service years, and unused sick leave hours.
Benefits will be calculated by combining following outputs.
2.0% of the Average Base Pay multiplied by the number of service years exceeding 10 years.
1.75% of the Average Base Pay multiplied by the number of service years between 5 and 10 years.
1.5% of the Average Base Pay multiplied by the number of the service years up to 5 years.
If you have further questions how to calculate your benefits, please contact your human resources department.