Teacher pension multiplier by state

Tier 1: 2.0125% × years × average of your best 3 of your last 10 years. Tier 2: 1.65% and best 5 of last 10.

2% for each of your first 20 years, 2.5% for each year after 20. Best 3 years' average. Tier III is an investment plan, not a pension.

Years earned before July 1, 1990 always count at 2%.

2.1% to 2.3% × all your years, rising with total service (2.3% at 30+ years). Average of your best 36 or 60 months in a row.

36 months if you joined 1984 to June 2011; 60 months if you joined July 2011 or later.

2.15% a year for contributory service (less for noncontributory service, or with under 10 years). Average of your best 5 years.

Noncontributory service earns 1.25%-1.39%. Some members get the higher of a 3-year or 5-year average.

An age-factor table: 2% at 60 or 2% at 62, by structure. Factor × years × your best 12 or 36 months of pay.

2% at 60: from 1.1% at 50 up to 2.4% at 63. 2% at 62: from 1.16% at 55 up to 2.4% at 65.

2.5% × years of service × your highest average salary (best 3 or 5 years), up to 100% of that average.

3 years if you had 5 years of service on January 1, 2020; otherwise 5 years.

2% × years of service × average of your 3 highest salaries, up to 75% of that average.

2% for years before 1997 and 1.85% for later years × your average monthly pay over your best 36 months.

1.60% to 1.68% a year, depending on your age or years at retirement. Average of your best 5 years (8 if you joined July 2011 or later).

This is the FRS Pension Plan. FRS also offers an Investment Plan.

2% × years of service × average of your 2 highest years in a row. Up to 40 years count.

Hybrid plan: 2% if you joined before July 2012, 1.75% after. Average of your best three years (before July 2012) or best five (after).

Noncontributory plan service counts at 1.25%.

2% × years of service × your average monthly pay over your highest 42 months in a row.

PERSI's own sources differ on the averaging period: the handbook says 42 months, PERSI rules say 36. Check with PERSI.

2.2% × years × average salary: best 4 years in a row of your last 10 (Tier 1) or best 8 of last 10 (Tier 2). Max 75%.

Tier 1 service before July 1, 1998 that wasn't upgraded earns 1.67% to 2.3%.

1.1% × years of service × average of your 5 highest years of pay (they don't have to be in a row).

This is the TRF Hybrid Plan pension. The My Choice plan has no pension.

2% a year for your first 30 years, then 1% a year up to 35 (65% max) × your highest 5-year average salary.

Your average can be the higher of a 3-year average as of June 30, 2012 and your 5-year career average.

KPERS 1: 1.75% (1.85% for service from 2014). KPERS 2: 1.85%. Average of best 3 or 5 years. KPERS 3 is a cash balance plan.

TRS 1-3: 1.7% to 2.5% a year by tier and years, and 3% for years over 30. TRS 4 uses age and career factors. Best 5 years' pay.

University members earn less (2% in TRS 1 and 2). TRS 1-3 members 55 or older with 27 years use their best 3 years.

2.5% for Regular Plan members who joined July 1999 or later. Earlier members get 2.0% or 2.5%; Plan B, 2.0%. Best 3 or 5 years in a row.

3 years if you first joined a Louisiana state system before 2011; 5 years if you joined on or after.

2% × years of service × average of your 3 highest years of pay (they don't have to be in a row).

ACPS: 1.8% a year (1.2% for service before July 1998), best 3 years in a row. RCPB: 1.5% a year, best 5 years in a row.

An age factor from a table (up to 2.5% at 65) × years × salary average (3 years in Tier 1, 5 in Tier 2). Max 80%.

RetirementPlus members with 30 years can get extra percentage points.

1.5% a year; some service after the 2012 reform earns 1.25%. Average of your best 3 years (MIP) or 5 years (Basic, Pension Plus).

1.9% a year for service from July 2006, 1.7% before. Tier I members may get a Step formula instead. Average of your best 5 years in a row.

Tiers 1-4: 2% a year, then 2.5% after 25 years (30 for Tier 4). Tier 5 (hybrid, from March 2026): 1%. Best 4 years.

2.5% × years × average of your best 3 years in a row. With 32 or more years, 2.55%.

Years in a job also covered by Social Security count at two-thirds of the formula.

1.6667% (1/60) × years × best 3 years in a row (Tier One) or 5 (Tier Two). Tier Two at 60 with 30+ years: 1.85%.

Montana TRS's web page doesn't mention the age-60 condition for 1.85% that the law sets. Check with Montana TRS.

2% × years of service × average of your highest three (Tier One) or five (Tiers Two to Four) 12-month periods.

To get 2% you must have been employed on or after May 2, 2001 and earned at least half a year of service after that.

2.25% if you enrolled July 2015 or later; 2.5% (or 2.67%) for earlier members. Average of your 36 highest months in a row.

1/60 (about 1.667%) a year, then 1/66 (about 1.515%) from full Social Security age. Best three years (Tier A) or five (Tiers B, C).

Tiers 1-3: years ÷ 55 × average salary. Tiers 4-5: years ÷ 60. Average of last 3 or best 3 years (Tiers 4-5: 5 years).

Tiers 1-3: 2.35% a year. Tier 4 (hired July 2019 or later): 1.35% to 3.35% by years. Average of your best 60 months in a row.

Tier 6: 1.67% a year under 20 years, then 35% plus 2% a year past 20. Older tiers: 1.67% to 2%. Average of best 3 years in a row.

1.82% × years of service × average of your 4 highest-paid years in a row (48 months).

2% × years of service × average of your highest 3 years (Tier 1) or 5 years (Tier 2).

2.2% × years × your 5-year final average salary. Early-retirement amounts come from STRS Ohio's benefit tables.

2% × years × average salary: your highest 3 years if you joined before July 1992, best 5 in a row if later.

Years before July 1995 may use capped salaries.

Tier One/Tier Two: 1.67% a year. OPSRP: 1.5% a year. Average of your best three years or last 36 months, whichever is higher.

Members also have an Individual Account Program (IAP) account.

By class: T-C and T-E 2.0%, T-D and T-F 2.5%, T-G 1.25%, T-H 1.0%. Average of best 3 years (T-G and T-H: 5 years).

Class DC has no pension multiplier.

1% a year for service from July 2012, plus what you earned before then under Schedule A or B (1.6% to 3% a year). Best 3 years in a row.

The 3-year average applies if you retire on or after July 1, 2024; before that it was 5 years.

1.82% × years × average of your best 12 quarters (Class Two) or 20 quarters (Class Three) in a row.

Generational: 1.8% a year. Foundation: 1.7% before July 2008, 1.55% after (or an alternate formula). Best 20 quarters in a row of last 40.

Legacy: 1.5% a year, raised 5% (about 1.575%). Hybrid: 1%. Average of your best 60 months in a row.

The Hybrid plan also has a separate 401(k) account.

2.3% for all tiers × years of service × average of your best 3 or 5 years, by tier.

Tier 1: 2% × years × average of best 3 years. Tier 2 Hybrid: 1.5% × years × average of best 5 years.

1.67% a year (1.25% for older Group B service; Group C #2 earns 2% after 20 years). Average of best 3 years in a row.

Plan 1: 1.7%. Plan 2: 1.7%, or 1.65% for service from 2013. Hybrid: 1.0%. Best 36 months in a row (Plan 1) or 60 months (others).

Plans 1 and 2: 2% a year. Plan 3: 1% plus an investment account. Average of best two years (Plan 1) or 60 months in a row (Plans 2, 3).

2% × years of service × average of your 5 highest years within your last 15.

1.6% for service from 2000 (1.765% before) × years × average of your 3 highest years. You get the higher of this or a money purchase amount.

Tier 1: 2.125% for the first 15 years, 2.25% after. Tier 2: 2%. Best 36 months in a row (Tier 1) or 60 months (Tier 2).