PLSO Retirement Benefits are Calculated as Follows:
One-time, lump sum payment at retirement:
Option 1-Single Life Monthly Benefit |
X |
12, 24 or 36 |
= |
PLSO Amount |
Reduced lifetime monthly benefits:
Option 1-Single Life Monthly Benefit |
X |
PLSO Factor (below) |
= |
PLSO Reduced Option 1-Single Life Monthly Benefit |
| PLSO Factors | |||
|---|---|---|---|
Your Age at Retirement |
12-Month PLSO Factors |
24-Month PLSO Factors |
36-Month PLSO Factors |
45 |
0.9339 |
0.8679 |
0.8018 |
46 |
0.9334 |
0.8668 |
0.8002 |
47 |
0.9328 |
0.8656 |
0.7984 |
48 |
0.9322 |
0.8643 |
0.7965 |
49 |
0.9315 |
0.8629 |
0.7944 |
50 |
0.9307 |
0.8615 |
0.7922 |
51 |
0.9299 |
0.8599 |
0.7898 |
52 |
0.9291 |
0.8582 |
0.7873 |
53 |
0.9282 |
0.8563 |
0.7845 |
54 |
0.9272 |
0.8543 |
0.7815 |
55 |
0.9261 |
0.8522 |
0.7783 |
56 |
0.9250 |
0.8499 |
0.7749 |
57 |
0.9237 |
0.8475 |
0.7712 |
58 |
0.9224 |
0.8448 |
0.7672 |
59 |
0.9210 |
0.8419 |
0.7629 |
60 |
0.9194 |
0.8389 |
0.7583 |
61 |
0.9178 |
0.8356 |
0.7534 |
62 |
0.9161 |
0.8321 |
0.7482 |
63 |
0.9142 |
0.8284 |
0.7426 |
64 |
0.9122 |
0.8244 |
0.7366 |
65 |
0.9101 |
0.8201 |
0.7302 |
66 |
0.9078 |
0.8156 |
0.7234 |
67 |
0.9054 |
0.8108 |
0.7162 |
68 |
0.9028 |
0.8056 |
0.7084 |
69 |
0.9000 |
0.8001 |
0.7001 |
70 |
0.8970 |
0.7941 |
0.6911 |
71 |
0.8938 |
0.7876 |
0.6815 |
72 |
0.8903 |
0.7807 |
0.6710 |
73 |
0.8865 |
0.7731 |
0.6596 |
74 |
0.8824 |
0.7648 |
0.6473 |
75 |
0.8779 |
0.7559 |
0.6338 |
Benefit Estimate Calculator
Using your career statistics, you can estimate your benefits under all the retirement plans by using the benefit estimate calculator.
Retirement benefits are based on a formula consisting of three factors:
1. Final Average Monthly Salary is determined by adding your three highest consecutive annual salaries (including board paid health, dental and vision insurance), and dividing the total by 36.
2. Applicable Formula Factor is set by the Missouri Legislature and based on a member’s age and/or years of credit.
3. Years of Credit include credit earned for PEERS-covered service and any credit you may have reinstated and purchased for other service, as permitted by law.
