The Big Two
There are two ways to figure out your pension benefits. These depend on your start date with the City of Pittsburgh.
- Members Hired 1975 to 1987
- Members Hired 1988 and Beyond
Note: All calculations are based on the requirements of age 60 with 20 years credited service with the City. You can, however, retire at age 50 with 8 years credited service, with a reduction in your pension. To calculate this reduction, see the Penalty Box below.
You can retire with a minimum of age 50 with 8 years credited service.
To calculate the reduction for age reduce the benefit 1/2 percent for each month you are short attainment of age 60.
- For example, 6% reduction per year.
To calculate the reduction for service pro-rate the number of months' credited service over 240 months.
- For example, for 10 years credited service, the benefit would be reduced one half.
PENALTY CALCULATION FOR AGE FOR MEMBERS HIRED PRIOR TO 1975 WITH 25 YEARS SERVICE:
a. Apply the age penalty to the excess of $650.00 multiplied by 30%.
b. Add answer to $357.50.
c. Add increments.
This results in a reduced penalty for members in this category.
For any questions about calculating your pension call the Pension Office at 412-255-2655.
THIS IS NOT A CALCULATION OF YOUR ACTUAL PENSION BENEFITS. The goal of this calculator is to provide members of the City of Pittsburgh Municipal Pension Fund (“Fund”) an approximation of their accrued pension benefit. The results are based solely upon the information you enter, including salary, months until you turn age 60, years of service, and Fund membership date. If any of this information is entered incorrectly, the calculator’s approximation will be incorrect. Other factors such as periods of part-time work, missing contributions, overtime wages, etc. are not considered by the calculator and may have the potential of creating an incorrect approximation.
The Fund accepts no responsibility for any errors, omissions, inaccuracies or misleading information obtained through the use of the calculator. The information you provide and the results that are created are for your information only, and are not reviewed, audited or verified by the Fund, and are in no way binding in regard to the ultimate calculation of your pension benefits. Your entitlement to benefits is governed solely by the statutory legislation, ordinances, policies and terms applicable to the Fund. Please note that the applicable pension law pertaining to your benefit might change between now and your date of retirement.
Before you make a decision to retire, it is strongly recommended that you consult with the Fund’s office to obtain a formal pension calculation estimate.