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SERS Retirement Calculator - Enter Information


  Information you will need to complete this data sheet or refer to the term definitions

Enter the following as of the last December 31st


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This SERS Retirement Calculator is Designed for Individuals Contemplating Joining SERS Or Current SERS Members

Information you will need to complete this data sheet

  • If you are not employed by an Employer that participates in SERS, enter .0001 in the State Service field below.

  • If you do not have any service credit with the State Employees' Retirement System, enter .01 in the Account Balance Total Deductions block.

  • Be sure to enter accurate assumptions in order to produce an accurate estimate.

  • You should enter data from your Statement of Account as of the last December 31st.

  • If you are a member of SERS and do not have your Statement of Account, you can obtain a copy online if you are a registered user. Otherwise, you will need to estimate some information. Again, be sure to enter accurate assumptions in order to produce an accurate estimate.

  • You will need to enter an Option 2 and 3 Designated Survivor Date of Birth if you wish to receive an estimate for those options. If you do not wish to receive an estimate for Options 2 and 3, leave these blocks blank.

  • Your Total Service is in the Service Credit block of the last December 31st Statement of Account. You may enter an estimated amount instead.

  • Total Service includes any nonstate Service you may have purchased.

  • Nonstate Service is not shown separately on your Statement of Account.

  • To determine the amount of your State Service, subtract your nonstate Service from your Total Service.

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SERS Pension Calculator - Term Definitions 


Final Average Salary:  The highest average compensation received during any three non-overlapping periods of four consecutive calendar quarters. Typically, it is the average of your last three years of compensation.

Retirement-Covered Earnings:  Compensation actually received as a State employee, which is credited to your account and used to calculate your retirement benefit. Clothing allowances, lump sum payments for unused vacation, sick and compensatory leave and severance payments (among other payments) are not retirement-covered earnings.

Anticipated Retirement Date:  Enter the date you would like the calculator to use for determining your estimated benefit amounts. If the entered date is before you attain five years of total service (State plus Non-State) you will be warned and a zero amount will appear.

Account Balance Total Deductions:  Your contributions plus interest as of the last December 31st. The calculator will compute your Total Deductions as of your Anticipated Retirement Date based on your entry for Retirement Covered Earnings.

Maximum Single Life Annuity:  This plan provides the maximum amount of pension per month to which you are entitled. Monthly pension payments will be made to you for life. When you die, your beneficiary(ies) will receive your accumulated deductions less the amount of pension payments that you received. If the total amount of pension payments you received exceeds the amount of your accumulated deductions, no death benefit will remain for your beneficiary(ies). Of course, if you withdraw your accumulated deductions (under Option 4 below), there also would not be a death benefit.

Option 1:  Under this plan, you will receive a smaller monthly pension than your Maximum Single Life Annuity. Monthly pension payments will be made to you for life. When you die, your beneficiary(ies) will receive your account's present value at retirement, less the amount of pension payments that you received. If the total amount of pension payments you received exceeds the amount of your present value, no death benefit will remain for your beneficiary(ies).

Present Value:  The total value of a member's retirement account that funds annuity payments over his or her lifetime; this also is the amount paid to a vested member's beneficiary(ies) when a vested member dies in State service.

Option 2:  This plan also provides you with a monthly pension that is less than the Maximum Single Life Annuity. This plan provides a lifetime monthly pension to you and, upon your death, to the survivor annuitant designated by you for that person's lifetime. Upon your death, your designated survivor annuitant will begin to receive the same monthly pension that you received. Under this plan, the younger your designated survivor, the lower your monthly pension amount will be.

Option 3:  This plan also provides you with a monthly pension that is less than the Maximum Single Life Annuity. This plan provides a lifetime monthly pension to you and, upon your death, to the survivor annuitant designated by you for that person's lifetime. Upon your death, your designated survivor annuitant will begin to receive one-half of the monthly pension you had received. Under this plan, the younger your designated survivor, the lower your monthly pension amount will be.

Maximum with a Withdrawal Option:  At retirement, you may withdraw an amount equal to all or any part of your Accumulated Deductions. You may elect to receive this withdrawal in up to four installments. If you elect this option, you must also elect a Monthly Pension payment plan. The calculator assumes you will elect the Maximum Single Life Annuity and withdraw the entire amount of your Accumulated Deductions.

Credited Class of Service:  The calculator only supports Class AA-60 (Normal Retirement at age 60) and Class AA-50 (Normal Retirement at age 50) service. If you have split service or are in any of the following classes you must request an estimate from your SERS Retirement Counselor: C, D-3, E-1, E-2, PSERS, G through N, SSI-60, SSI-50

State Service:  Enter the amount as of the last December 31st State Service. The calculator will project additional service to your Anticipated Retirement Date assuming you will complete one full year for each year until that date. If you work part time your estimate will be overstated.

Service credit is one of the factors that determines your eligibility for a retirement benefit. Credited service is defined as State service and/or non-State service for which contributions have been made. The various types of credited service are:

  • Current State Service

  • Prior State Service

  • Multiple Service (combining State and School Service)

Generally, one thousand six hundred and fifty (1,650) hours in a calendar year is credited as one year of service.


Non-State Service:  Enter the amount of non-State service you have or expect to purchase before your Anticipated Retirement Date. Please note that the calculator does not adjust your estimate for the cost of any prior or future service purchases.

Creditable non-State service is limited to:

  1. Intervening Military Service

  2. Non-intervening Military Service

  3. Out-of-state and Federal Service in Public School Education

  4. Certain types of Other Governmental Service

  5. Cadet Nurse Corps Service

  6. Community College Service prior to July 1, 1971

  7. Justice of the Peace Service prior to January 1, 1970