Benefit estimates are a valuable tool to use when planning for retirement. Estimates are readily available through the following sources:
- Through the online myMPERS Secure Member Access
- By contacting a MPERS benefit specialist
- In your Annual Benefit Statement
- By attending a MPERS Pre-Retirement Seminar
Your retirement is based on a formula that is set by law. The more service you have and the higher your final average pay, the higher your base benefit amount.
Creditable Service x Final Average Pay x Multiplier = Monthly Base Benefit
It is important to understand that benefit estimates are just that – estimates. Every effort is made to assure the accuracy of the estimates; however, programming or reporting errors could occur without our knowledge. The information contained in the estimates must be verified before benefits can be paid.