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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.
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:
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:
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.
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:
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:
