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APERS Benefit Calculator

To assist you in planning for your retirement, APERS has created an online benefit calculator. When supplied with accurate information, it can estimate what your benefits might be under various conditions.

As you probably know, the unreduced benefits for a qualified APERS retiree are calculated by a formula that takes the product of the final average salary (FAS) and the number of years of service and multiplies it by a constant value known as the "multiplier" (reduced benefits for early retirement would involve additional factors). If "M" stands for the multiplier, a simplified version of the formula for unreduced benefits would look like this:

[FAS x Service] x M = Yearly Benefit
(You would then divide the resulting yearly benefit by 12 to estimate the amount of the monthly annuity)

The value of the multiplier is set by law, and the General Assembly has adjusted it several times over the years. For a particular member, the multiplier (or multipliers) used to calculate benefit payments will depend on when the member joined the system, over what period service was earned, and under which plan or plans. For a chart of the multipliers that could apply to current members, click the link below (current or potential DROP participants should also view the notice on DROP calculations).

Benefit Multiplier Chart                          Notice on DROP calculations

Limitations of the Calculator

The benefit calculator program is intended as an educational tool to help you develop basic investment and retirement strategies. The results of its calculations must be considered approximations of any benefits or value and may not reflect the actual amount you will receive when you retire or enter the DROP.

These estimates are only as good as the information you provide (e.g., service, earnings, etc.). Be advised that the benefit calculator will not accurately figure the DROP or PAW for members who receive multiple service credit. If you are within one year of retirement or participation in the DROP, please request a written estimate from the Member Services Section for a more accurate figure. Be aware that the tool currently only calculates unreduced benefits. The component for reduced benefits is still under construction.

The information provided on this page is general in nature and not a complete statement of the laws or administrative rules and should not be taken as final legal authority. Your rights and benefits are governed by the retirement system laws as well as any applicable collective bargaining agreements and federal and state laws, and these take precedence in the event of a conflict with the information or results provided here.

To run this program you must enter data about yourself and transmit it across the Internet. The program does not store the data, nor does it intentionally transmit it to anyone. However, this is not a secure site, and there is a chance that any data that you enter may be viewed or captured by others.

By clicking on the Benefit Calculator button below, you indicate that you understand and accept these risks and limitations and desire to run the program.

  Run the Benefit Calculator  


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