Welcome to the Interactive 'What If' Retirement Benefit Estimate Calculator
With this new 'What If' calculation tool, you can create one or more
estimated retirement scenarios on demand. Remember, the Estimate Calculator is just that - a tool
that calculates a reasonable estimation of a future payoff. The
Retirement Benefit Estimate Calculator does not account for every actuarial contingency.
If you have any questions regarding the PERF Benefit Estimate Calculator, please
or call at 1-888-526-1687.
Rules and Definitions
Please enter all fields and click "Calculate" button to estimate benefit.
Do you want Social Security Integration (Option 61) as an option?
SSA amount ($) :
You are eligible to select this option if you retire between the ages of 50 and 62 and have at least
15 years of service. PERF will pay you a larger monthly benefit up until you turn 62. At age 62, your
benefit will be reduced or terminated depending on your estimated Social Security benefit. If you die
before receiving benefits for five years, your beneficiary will receive either your monthly benefit
for the remainder of those five years OR the present value of those remaining payments in a lump sum.
If you are applying for disability benefits, you are not eligible for option 61. Please read the
"Notice to Members".
Review the Social Security Integration Option 61 form carefully for risks involved with option 61,
especially if considering returning to work in a PERF covered position.
Click here for Rules and Definitions of option 61
Please click on the button below to generate a Benefit Estimate with your actual data.
By using this retirement calculator, I acknowledge and agree that:
This calculator is intended to provide an UNOFFICIAL ESTIMATE of retirement benefits;
All retirement benefit estimates provided by PERF have not been certified and are subject to final audit to determine accuracy;
PERF retains no record of estimates produced by this calculator;
PERF has no liability or obligation to pay any amount as a result of my use of this calculator;
This estimate calculation is not to be construed in any way as a promise or contract with PERF to pay the amount calculated, or any other amount;
All final retirement benefits shall be determined by PERF in accordance with the laws in effect at the time of retirement; and
I have read and fully understand the above information.