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The Retirement Estimator is intended to assist you in estimating your monthly (early reduced or regular unreduced) service retirement benefits. It does not calculate disability retirement benefits, and it cannot replace the Retirement System’s actual calculation of benefits when you retire.
- Applicationforms
ORBIT allows you to safely and securely access your personal...
- Benefit Calculations
Early Retirement Calculation Example Assume employee Fred...
- TSERS Handbook
The Teachers’ and State Employees’ Retirement System (TSERS)...
- ORBIT
Need Help? Estimators. If you would like to calculate...
- Applicationforms
10 Σεπ 2024 · Early Retirement Calculation Example Assume employee Fred Wise retires at age 61 with 24 years and three months of creditable service and an average final compensation of $40,954. Here is how we calculate this benefit
Need Help? Estimators. If you would like to calculate benefits without pre-filled personal information, use the options below. To calculate benefits with your information pre-filled, please login. Retirement Benefit. NC 401 (k)/457 Transfer Benefit. Service Purchase. Forms and Applications.
See the definitions section for explanations for AFC, accrual rate, creditable service and early retirement factors. The example below walks you through calculating a member's benefit. Step 1 -- Identify Assumptions. Age of Member - 49; Age of Beneficiary -51; Total Creditable Years of Service - 30 years; Retirement Factor .0182 (TSERS) or ...
31 Δεκ 2022 · The Teachers’ and State Employees’ Retirement System (TSERS) is a pension plan administered by the North Carolina Total Retirement Plans within the Department of State Treasurer (DST).
The Teachers’ and State Employees’ Retirement System (TSERS) is a defined benefit plan qualified under Section 401 (a) of the Internal Revenue Code. Defined benefit plans use a formula to calculate monthly retirement benefits once eligibility requirements have been met.
1 Οκτ 2006 · The formula used in calculating the maximum annual retirement benefit is the average of the employee’s salary during the four highest paid years in a row times a retirement factor set by the NC General Assembly times the total number of years and months of creditable service.