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Visit https://ilsrs.illinois.gov/alerts.html for additional information. Close button Pension Estimate Calculator now available on your Member Services account.
If you retire before age 60 with a reduced retirement benefit, you will receive a 3% pension increase every January 1 after you turn age 60 and have been retired at least one full year. These pension increases are not limited by the 75% maximum.
State Employees Pension Calculators. SERS: SERS is a $15.6 billion public employee retirement system, serving over 158,000 members and beneficiaries of the states’ agencies and boards.
For the State Employees' Retirement System (SERS) the annuity COLA and the increase in the annual salary maximum equals the lesser of 3% or half the CPI-U. The following table outlines the COLA to be applied and the maximum salary for Tier 2 annuity purposes by calendar year.
9 Ιουλ 2021 · The Illinois state retirement system offers an Illinois state retirement calculator that will help you determine your benefit amount. To use the calculator, you must know your hire date, retire date, annual salary, reciprocity type, unpaid break days and the effective date of the benefit.
You are a member of Tier 1 in the Teachers’ Retirement System of the State of Illinois (TRS) because you. This guide has been prepared to answer general ques-tions that you have about us, the services we offer, and your responsibilities as a member or an annui-tant.
Tier 1 Retirement Planning. Keep your retirement planning on track using the Tier 1 Retirement Time Line Checklist listed at the bottom of this page. Please print it off and check off items as you complete them.
