Pension Calculator

Pension Benefit

Common plans use 1.5%–2.5% per year of service.

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Annual Pension Benefit
Monthly Pension Benefit
Benefit as % of Salary
After 1 Year COLA

Understanding Defined-Benefit Pensions

Many public-sector and union plans pay a defined benefit based on years of service and final average salary. The formula is typically: years × multiplier × salary. Enter your plan's multiplier to estimate annual and monthly benefits.

Disclaimer. This calculator is for informational purposes only. Actual pension formulas, caps, and COLA rules differ by plan.