Retirement Benefit Estimator
Tips for Using the Estimator
To get an estimate of your future benefit if you chose the
Unmodified payment option
, simply select your employer and tier, enter your age at retirement, projected service credit and highest average compensation, and click "Calculate."
It may help to have your most recent
MCERA Annual Benefit Statement
available. Your tier and highest average compensation period are included on the statement, and you will need this information for the Estimator.
If you have
more than one tier
you will need to calculate a separate retirement estimate for each tier. Each estimate should use the appropriate service credit earned in the tier, and both estimates should use the same highest average compensation earned during your MCERA membership regardless of what tier you were in when you earned it. Add the monthly amounts from each calculation to get your total retirement benefit estimate.
age at retirement
to the nearest completed month.
One year of
is earned by working full time hours for the entire year. If you work 75% of full time during the year, you will only earn 9 months of service credit, or 75% of one year.
highest average compensation
is your highest consecutive one- or three-year period of compensation, as determined by your tier. This amount may differ from the amount you were actually paid because certain pay types may not be included for retirement purposes. Read
Calculating Your Benefit
for more information on highest average compensation.