a. Add your highest 36 months of salaries over the past 60 months.
b. Use budgeted salaries and acting time only. Do not include overtime.
c. Divide by 36 to calculate your average monthly salary.
d. Multiply by 50%.
* The final answer is your monthly pension benefit before the Social Security offset at age 65.
a. Let's say the sum of your highest 36 month salaries is $127,000.
b. Divide this sum by 36 to make $3,527.78.
c. Multiply this by .5 to make $1,763.89,
* This is your monthly pension benefit before the social security offset at age 65. For information about the Social Security offset at 65, see Retirement Benefits.
(Sum of highest 36 monthly salaries in the last 60 months) / 36 x . 5 = your monthly pension benefit before the Social Security offset at age 65.
For any questions about calculating your pension call the Pension Office at 412-255-2655.