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Pension Benefit Estimator

Your Benefit Calculation

Your benefit calculation is based on your highest average salary, length of service, and the multiplier for your plan:

Highest Average Salary x Years of Service x Benefit Multiplier
= Annual Benefit

The highest average salary is the 3 highest continuous years of service in all plans, except Public Employee Plan Tier II and Law Enforcement, in which it is the 5 highest continuous years of service. The Volunteer Firefighter & EMT Plan calculation is based only on months of service.

In general, salary is considered to be that which is paid for services rendered to an employer. Reimbursements for travel or other allowances are not included in qualified salary.

In most plans a full year of service is equal to 12 months in which the member worked at least 86 hours in all months. Service less than 86 hours in a given month is awarded a partial service credit in those plans that allow for part-time service credits.

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

Benefit Payout Options

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.

In many of WRS' Pension Plans, there are different payout options according to the beneficiary provisions of the plan. In these 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.

Self-Funded Cost of Living Adjustment (COLA) payout options are available in some plans. This feature provides a guaranteed annual increase each July 1, following the two-year anniversary of your retirement, in exchange for a reduction in your initial benefit amount.

Details on the benefit payout options for your plan can be found in the handbook for your pension plan 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 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 (ie, 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...

Use the calculator below to obtain an unofficial estimate of your potential future pension benefit for retirement planning purposes. The accuracy of this calculator depends on how closely the information you input matches official data at the time of your retirement.

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.

If the results of any estimate differ from an official estimate at the time of retirement, the official estimate will be used to calculate your monthly benefit. This calculator will not give the correct results for a disability retirement, re-hired retirees, or QDRO retirements.