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Pension Benefit Payout Options

Your Benefit Calculation

A benefit calculator is available on our website to obtain an unofficial estimate of your potential future pension benefit for retirement planning purposes.

If you are within three years of retirement, log in to your online pension account to do an official estimate based on your current service and salary information on record with WRS.

Details on benefit calculations in all of WRS' pension plans are available here...

Retirement Eligibility

WRS' pension plans have age and service requirements before a member can begin collecting a benefit. The calculator on this page automatically applies the age and service requirements for a given plan, returning accurate figures for the information you input.

In some WRS Pension Plans, members may choose to take a reduced benefit for life and retire before they meet the age and service requirements for an unreduced benefit. The reduction factor for taking early retirement in these cases is 5% per each year the member is below the full retirement age. Some plans have no reduced early retirement option. The calculator on this page automatically applies any reductions applicable to the information you input.

Some plans contain provisions that allow the member to get an unreduced retirement benefit before reaching the otherwise required retirement age. Under these provisions, such as the "Rule of 85" in the Public Employee Plan, a member qualifies for unreduced retirement when their years of service plus age add up to a certain number (in this case 85). The calculator on this page automatically applies these rules based on the information you input.

Details on the retirement eligibility requirements for your plan are available here...


When you become vested in a WRS pension plan, you are entitled to a lifetime monthly benefit when you reach that plan's retirement eligibility requirement and stop working for all participating employers.

The video on this page outlines the different payout options which are available in many of WRS' Pension Plans. The additional options allow you to take a reduced monthly benefit in exchange for certain benefits to your beneficiary when you die. Some plans have only one payout option but still provide a benefit to your beneficiary in certain scenarios.

Further details on the benefit payout options for your plan can be found in the handbook for your pension plan available here...