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Statewide Defined Benefit Plan This chart illustrates the percentage of pay you may receive in the form of a retirement benefit based on a) the years of service you accumulate and b) the age you will be when you retire. For more information about normal, early and vested retirements refer to the Statewide Defined Benefit Plan Summary Brochure (PDF format). Click here if you wish to download and print an Acrobat PDF format copy of this chart. Click on this Acrobat Reader box if you need to download the free software allowing you to open and read an Acrobat .pdf document. |
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Statewide Defined Benefit Plan Retirement Calculations
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Age at Retirement | ||||||||||
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5
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6.17%
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6.78%
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7.46%
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8.21%
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9.06%
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10.00%
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10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
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6
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7.40%
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8.14%
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8.95%
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9.85%
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10.87%
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12.00%
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12.00% | 12.00% | 12.00% | 12.00% | 12.00% |
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7
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8.63%
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9.49%
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10.44%
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11.49%
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12.68%
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14.00%
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14.00% | 14.00% | 14.00% | 14.00% | 14.00% |
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8
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9.87%
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10.85%
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11.94%
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13.14%
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14.50%
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16.00%
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16.00% | 16.00% | 16.00% | 16.00% | 16.00% |
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9
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11.10%
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12.20%
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13.43%
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14.78%
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16.31%
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18.00%
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18.00% | 18.00% | 18.00% | 18.00% | 18.00% |
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12.34% | 13.56% | 14.92% | 16.43% | 18.12% | 20.00% | 20.00% | 20.00% | 20.00% | 20.00% | 20.00% |
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13.88% | 15.25% | 16.78% | 18.48% | 20.38% | 22.50% | 22.50% | 22.50% | 22.50% | 22.50% | 22.50% |
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15.42% | 16.95% | 18.64% | 20.54% | 22.64% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% |
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16.96% | 18.64% | 20.51% | 22.59% | 24.91% | 27.50% | 27.50% | 27.50% | 27.50% | 27.50% | 27.50% |
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18.50% | 20.34% | 22.37% | 24.64% | 27.17% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% |
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20.04% | 22.03% | 24.24% | 26.70% | 29.44% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% |
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21.59% | 23.73% | 26.10% | 28.75% | 31.70% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% |
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23.13% | 25.42% | 27.97% | 30.80% | 33.97% | 37.50% | 37.50% | 37.50% | 37.50% | 37.50% | 37.50% |
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24.67% | 27.11% | 29.83% | 32.86% | 36.23% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% |
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26.21% | 28.81% | 31.70% | 34.91% | 38.49% | 42.50% | 42.50% | 42.50% | 42.50% | 42.50% | 42.50% |
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27.75% | 30.50% | 33.56% | 36.96% | 40.76% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% |
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29.30% | 32.20% | 35.42% | 39.02% | 43.02% | 47.50% | 47.50% | 47.50% | 47.50% | 47.50% | 47.50% |
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30.84% | 33.89% | 37.29% | 41.07% | 45.29% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
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32.38% | 35.59% | 39.15% | 43.12% | 47.55% | 52.50% | 52.50% | 52.50% | 52.50% | 52.50% | 52.50% |
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33.92% | 37.28% | 41.02% | 45.18% | 49.82% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% |
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35.46% | 38.98% | 42.88% | 47.23% | 52.08% | 57.50% | 57.50% | 57.50% | 57.50% | 57.50% | 57.50% |
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37.01% | 40.67% | 44.75% | 49.28% | 54.35% | 60.00% | 60.00% | 60.00% | 60.00% | 60.00% | 60.00% |
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38.55% | 42.37% | 46.61% | 51.34% | 56.61% | 62.50% | 62.50% | 62.50% | 62.50% | 62.50% | 62.50% |
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40.09% | 44.06% | 48.48% | 53.39% | 58.87% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% |
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41.63% | 45.76% | 50.34% | 55.45% | 61.14% | 67.50% | 67.50% | 67.50% | 67.50% | 67.50% | 67.50% |
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43.17% | 47.45% | 52.20% | 57.50% | 63.40% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% |
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44.71% | 49.14% | 54.07% | 59.55% | 65.67% | 72.50% | 72.50% | 72.50% | 72.50% | 72.50% | 72.50% |
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46.26% | 50.84% | 55.93% | 61.61% | 67.93% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
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52.53% | 57.80% | 63.66% | 70.20% | 77.50% | 77.50% | 77.50% | 77.50% | 77.50% | 77.50% | |
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59.66% | 65.71% | 72.46% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | ||
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67.77% | 74.73% | 82.50% | 82.50% | 82.50% | 82.50% | 82.50% | 82.50% | |||
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76.99% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | ||||
| = Normal Retirement | = Early Retirement | = Vested Retirement | |||||||||
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