your retirement benefit how it is figured
Erica Schuppe
—
ation: Your average salary over the highest earning years: $50,000 Total years of service: 30 Pension Benefit: 1.5% x 30 years = 45% 45% of $50,000 = $22,500 annually, or $1,875 monthly. Additional factors, such as early retirement reductions or spousal benefits, may apply depending on th