How to Calculate a Teacher's Pension in Pennsylvania

Teachers in Pennsylvania may retire either at the age of 60 with 35 years of teaching service, at the age of of 62 with at least one year of teaching service, or at any age with at least 35 years of service. Benefit amounts depend upon your highest earning amounts and your number of service years. All employees must contribute 7.5 percent of their salary to their personal retirement funds.

Instructions

1. Determine your final average salary by adding your highest three years' salaries and then dividing by three.

2. Multiply your final average salary by 2.5 percent.

3. Then, multiply again by the number of service years.

4. Divide the previous amount by 12 to determine monthly benefit amount.

Tips & Warnings

• Monthly benefits may vary according to retirement options selected. If you choose a plan that pays survivor benefits to your chosen beneficiary, your monthly benefit will be reduced. Contact a PERS representative for specific benefit quotes based on your individual circumstances.

References

• PA Publich School Employees Retirement System
• Your PSERS Benefits and Leaving Employment
• PSERS Handbook

Resources

• PSERS: Retirement Calculator