Teacher Pension CalculatorPlain-English estimates for Michigan public school employeesUnofficial
Michigan · MPSERS · Pension calculator

What will your MPSERS pension actually pay?

Estimate your monthly pension, the date your full pension starts, any early-retirement cut, and what one more year of work is worth. In about two minutes.

Updated for the Planning Your Retirement (R0613C), Michigan Office of Retirement Services, Rev. 5/26 · Last reviewed

  • 1.5% × final average compensation × years of service
  • 30 years full pension at any age in MIP; 60 with 10 in Pension Plus
  • 0.5% cut for each month you retire early (before 60)

Michigan teacher pension calculator

1 About you
2 Your MPSERS service
More details (optional)
Add a beneficiary (optional, for survivor options)
Your estimated monthly pension

Fill in the form to see your straight life pension, your plan, the date your full pension starts, any early-retirement cut, and what working longer adds.

Common questions

How is an MPSERS pension calculated?

Your yearly pension is your final average compensation times your pension factor times your years of service. The factor is 1.5%, or 1.25% for service after your 2012 transition date if you kept your old contribution rate. Final average compensation is your highest 3 consecutive years of pay in MIP, and your highest 5 in the Basic Plan, Pension Plus and Pension Plus 2.

When can I retire with a full MPSERS pension?

MIP: at any age with 30 years, or at 60 with 10 years. Basic: at 55 with 30 years, or at 60 with 10. Pension Plus and Pension Plus 2: at 60 with 10 years. Your pension starts on the 1st of the month after you qualify and leave.

Can I retire early?

Basic and MIP members can retire at 55 with at least 15 but fewer than 30 years, if still working. The pension is cut 0.5% for each month before 60, for life. Pension Plus and Pension Plus 2 have no early retirement.

I'm in the DC plan. Why doesn't the calculator show a pension?

The Defined Contribution plan has no pension. Your retirement money is what's in your State of Michigan 401(k) and 457 accounts. Check your balance with the plan's record keeper.

Is this the official MPSERS calculator?

No. This is an unofficial estimate built from the Office of Retirement Services' published booklets. It isn't affiliated with MPSERS or ORS. Your miAccount has the official estimate, and ORS decides your pension.

Compare Michigan with other states

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Plain-English guides

How your pension works

Which plan am I in?Basic, MIP, Pension Plus, Pension Plus 2 or DC: your start date decides.The pension formulaFAC × 1.5% (or 1.25%) × years, with ORS's worked examples.Retiring earlyThe 6%-a-year cut before 60, by age, and who qualifies.Buying service creditWho can buy, the types and costs, and the retiree health trap.MPSERS glossaryPlain-English definitions of the MPSERS terms you'll run into.

Planning your exit

Leaving: refund or deferred pension?Vesting at 10 years, deferred pensions, refunds and DC vesting.Taxes on your MPSERS pensionFederal and Michigan tax, withholding, and payment dates.Social Security and MPSERSWhat ORS says, and how the equated plan works with it.

After you retire

Working after retirementThe 9-month and 6-month rules, the earnings limit, and a quick checker.Yearly increasesMIP's 3% a year, and why other plans get none.Retiree health insuranceThe premium subsidy, the Personal Healthcare Fund, Medicare and enrolling.Death and survivor benefitsWhat a family receives before and after you retire.

More calculators

One more year?What working longer adds, with ORS's own examples.Payment optionsStraight life vs. the 100%, 75% and 50% survivor options, and the equated plan.

Some states have a DROP program. MPSERS doesn't: none appears in the ORS booklets or the retirement law. A one-time 2010 retirement incentive has expired. See How we calculate for our sources.

Source: Planning Your Retirement (R0613C), Michigan Office of Retirement Services, Rev. 5/26, pp. 4, 6, 9, 10, 11, 19, 40-41, 46, 50-51. MPSERS Annual Comprehensive Financial Report, FY ended Sept. 30, 2025, pp. 25, 25-26, 26, 28, 94. Michigan law, 1980 PA 300: MCL 38.1384; MCL 38.1384b; MCL 38.1381c; MCL 38.1359; MCL 38.1304; MCL 38.1343b; MCL 38.1369f; MCL 38.1381; MCL 38.1383; MCL 38.1343c; MCL 38.1381d; MCL 38.1381b. ORS web pages saved Nov. 12, 2026: Qualifying for Your Pension. Retirement Readiness (R0613C), Dec. 2017 (dated), pp. 27, 100. ORS employer pages saved Nov. 12, 2026: Reporting Instruction Manual 6.03.03. Last reviewed .