The most accurate way to estimate your SERS pension is to contact your retirement counselor. If you are within two years of retirement or if you are seriously considering your retirement, please call 1.800.633.5461.
The next best way to estimate your pension is to create an account with SERS online member services
. In addition to being able to review and download account statements, you gain access to a custom calculator that pulls information from SERS' database and allows you to estimate possible benefits under various scenarios.
allows you to manually enter information to produce very rough estimates based on SERS' most basic pension formula
: final average salary x years of service x class of service multiplier x 2%. It does not make any adjustments for different classes of service or special circumstances. Estimate outcomes may vary dramatically from actual experience based on accuracy of data inputs.
Retirees tell SERS how much to withhold
from pension payments, if any, for federal tax purposes. This calculator
allows you to estimate approximately how much you may owe in taxes and how you might adjust your withholding to align with that sum, if you choose.
Great-West Financial contracts with SERS to offer the deferred compensation program
. As part of their services, Great-West offers online retirement and financial planner
tools free to SERS members on the deferred comp website, www.SERS457.com
. These do not include SERS pension information but may be useful general tools.