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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 |
If you work in a position affected by recent Social Security Administration and IRS rulings regarding Section 218 Agreements, and contribute to PSRS at two-thirds the full contribution rate, the calculation of your benefit amount will differ from that shown above. Please contact our office for assistance in calculating your estimated monthly benefit.
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 |
0.9380 |
0.8760 |
0.8141 |
46 |
0.9376 |
0.8752 |
0.8128 |
47 |
0.9372 |
0.8743 |
0.8115 |
48 |
0.9367 |
0.8734 |
0.8101 |
49 |
0.9362 |
0.8724 |
0.8085 |
50 |
0.9356 |
0.8712 |
0.8069 |
51 |
0.9350 |
0.8700 |
0.8051 |
52 |
0.9344 |
0.8688 |
0.8031 |
53 |
0.9337 |
0.8674 |
0.8010 |
54 |
0.9329 |
0.8659 |
0.7988 |
55 |
0.9321 |
0.8642 |
0.7964 |
56 |
0.9313 |
0.8625 |
0.7938 |
57 |
0.9303 |
0.8606 |
0.7910 |
58 |
0.9293 |
0.8586 |
0.7879 |
59 |
0.9282 |
0.8564 |
0.7847 |
60 |
0.9270 |
0.8541 |
0.7811 |
61 |
0.9258 |
0.8516 |
0.7774 |
62 |
0.9244 |
0.8489 |
0.7733 |
63 |
0.9230 |
0.8460 |
0.7690 |
64 |
0.9214 |
0.8429 |
0.7643 |
65 |
0.9198 |
0.8395 |
0.7593 |
66 |
0.9180 |
0.8360 |
0.7540 |
67 |
0.9161 |
0.8322 |
0.7483 |
68 |
0.9141 |
0.8281 |
0.7422 |
69 |
0.9119 |
0.8238 |
0.7357 |
70 |
0.9096 |
0.8192 |
0.7288 |
71 |
0.9071 |
0.8142 |
0.7213 |
72 |
0.9044 |
0.8089 |
0.7133 |
73 |
0.9016 |
0.8031 |
0.7047 |
74 |
0.8984 |
0.7968 |
0.6952 |
75 |
0.8950 |
0.7900 |
0.6850 |
Benefit Estimate Calculator
Using your career statistics, you can estimate your benefits under all the retirement plans by using the benefit estimate calculator.
