Vested Membership Examples

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The Longer You Work, The Larger Your Benefit

Regular Member Example

Now that you’ve reached this milestone, you are eligible for retirement benefits. The longer you work in public service, the larger your benefit. See the examples below.

Let’s say you have 10 years of service. Of your five highest-earning years, your average salary is $45,000. If you leave public employment now, at retirement your annual benefit calculation would look like this:

Calculation Example

If you worked in IPERS-covered employment for five more years and left public service with a high five year salary average of $52,000, at retirement your annual benefit calculation would look like this:

Vested Calculation Example 2


Example is for illustrative purposes only. Your benefit amount will be different and is based on your situation. Early retirement penalties may apply.

Special Service Member Example

Now that you’ve reached this milestone, you are eligible for retirement benefits. The longer you work in public service, the larger your benefit. See the examples below.

Let’s say you have 10 years of public service. Of your three highest-earning years, your average salary is $45,000. If you leave public employment now, at retirement your annual benefit calculation would look like this:

SS Vested Calculation Example 1

If you worked in IPERS-covered employment for five more years and left public service with a high three year salary average of $58,000, at retirement your annual benefit calculation would look like this:

SS Vested Calculation Example 2


Example is for illustrative purposes only. Your benefit amount will be different and is based on your situation. Early retirement penalties may apply for members who, during their careers, have worked in both Regular and Special Service positions.