Finances

Pension Calculator

Estimate your defined-benefit pension payout based on your years of service and salary history.

yrs
$
Often the average of your highest 3 or 5 earning years.
%
Standard multipliers range from 1.5% to 2.5% per year of service.
Estimated Annual Pension
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Estimated Monthly Payout
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Comment Utiliser
  1. Enter your total Years of Service with the employer.
  2. Enter your Final Average Salary (FAS). Check your pension handbook to see if they average your highest 3 or 5 years.
  3. Enter the Pension Multiplier. This is a percentage determined by your specific plan.
  4. The calculator determines the exact gross payout you can expect in retirement.

Formule

Defined Benefit Formula:
Annual Pension = Years of Service × Final Average Salary × (Multiplier / 100)
Percentage of Salary = Years of Service × Multiplier

Note: This calculates the gross unreduced benefit. Retiring early may result in penalties, and choosing survivor benefits may reduce the monthly payout.

The Pension Calculator helps public sector employees and union members forecast their defined-benefit retirement payouts. By multiplying service years against a final average salary and plan-specific multiplier, it provides a clear estimate of post-retirement income replacement.