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Unused sick leave chart. Calculating Your Formula. Coordinated: 1.67% for each year of service. Non-Coordinated: 2.2% for each year of service. Coordinated Example: The member is coordinated with Social Security, is 60 years old, has 30 years of credited service, and a final average compensation of $3,600 per month.
Pension Estimate Calculator now available on your Member Services account. More information Pension Estimate Calculator Training Video
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.
INCREASES FOR RETIREES. SERS retirees receive a 3% automatic increase to their pensions on January 1 following their first full year of retirement, or attainment of age 60, whichever is later. Future increases of 3% of your current pension will also be made each January 1 thereafter.
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.
SERS offers personal retirement counseling at the Retirement System’s office Monday through Friday, 8:15 a.m. to 2:45 p.m. Appointments can be scheduled by calling SERS toll-free at 800-878-5853. Free parking is available at SERS . Directions to SERS are on page 1 . The information in this guide is current as of its publication date .
Illinois Retirement System | Pension Info, Taxes, Financial Health. Here we take a look over the Illinois retirement system, including the different plans, programs and taxes that are involved in the state...
