A revised calculator is being developed to estimate benefits for Correctional Officers who retire on or after January 1, 2017, per the passage of House Bill 207. Please check back later.

This estimate is for illustrative purposes only.  Estimated calculations have been rounded to two digits.  It is intended to assist with long-term financial planning.   It is not a guarantee of benefits that may be available to a member at retirement.   Any reliance on information obtained through this benefits estimator must be done solely at the user's own risk. 

No decisions should be made regarding actual retirement choices based in whole or in part upon information obtained through this benefit estimator.  Before making any final retirement plans, a member should contact an Office of Pensions benefits counselor.  Nothing in this estimate is meant to extend or change in anyway the provisions expressed in the Plan.  If there is a conflict between this calculation and the Plan, the Plan controls.  All member accounts are subject to final audit.  To obtain an estimate of benefits from the Office of Pensions, call 1-302-739-4208 or toll-free at 1-800-722-7300.

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 1   ESTIMATED CREDITED SERVICE
Mini-Calculator



Click '=' will auto-fill Compensation Amount

Compute your estimated monthly benefit:
(If you are thinking about early retirement use the top calculator and then use the bottom calculator)

Compute your estimated Tax Withholding:
Tax Withholding Calculators

Helpful Hint:
Do not use commas in the combined highest 3 year compensation field. For example, type 100000 instead of 100,000.

Prior to January 1, 1997 - Years Months
After December 31, 1996 - Years Months
COMBINED HIGHEST 3 YEAR COMPENSATION:    $

Your total creditable compensation is the total compensation paid to you during the three periods of 12 consecutive months during which your compensation was the highest.

 2   YOUR MONTHLY EARNINGS BENEFIT INFORMATION
CALCULATIONS ARE ESTIMATED
Monthly Final Average Earnings   $ $ $ $
Calculation factor years of service prior 1/1/97 estimated monthly
benefit
50%
survivor
option.
estimated monthly
benefit
66%
survivor
option.
estimated monthly
benefit
75%
survivor
option.
estimated monthly
benefit
100%
survivor
option.
Calculation factor years of service after 12/31/96
Credited number years of service prior Jan. 1, 1997
Credited number years service after Dec. 31, 1996
 3   ADDITIONAL CALCULATORS
CALCULATIONS ARE ESTIMATED
NOTE: You must perform calculation in Step #1 first for the additional calculators to work properly.
IF EARLY RETIREMENT...   $ $ $ $
Enter number of months reduced
then click 'COMPUTE'
  estimated monthly
benefit
50%
survivor
option.
estimated monthly
benefit
66%
survivor
option.
estimated monthly
benefit
75%
survivor
option.
estimated monthly
benefit
100%
survivor
option.
$
Your monthly reduction:
 
   
  • IF SICK LEAVE BUY-IN OPTION...
  •   $ $ $ $
    Enter total sick time hours- then click 'COMPUTE'
      estimated monthly
    benefit
    50%
    survivor
    option.
    estimated monthly
    benefit
    66%
    survivor
    option.
    estimated monthly
    benefit
    75%
    survivor
    option.
    estimated monthly
    benefit
    100%
    survivor
    option.
    Buy-in months available:
    $
    Estimated Buy-in cost:
    $
    Estimated Monthly Benefit Increase:
  • IF ACTUARIAL BUY-IN (1 year Buy-in amount)...
  •   $ $ $ $
    Select Age at Retirement- then click 'COMPUTE'
    Years of Service Prior to 1/31/1997
    Years of Service After 12/31/1996
      Estimated monthly benefit if electing 50% survivor option with buy-in Estimated monthly benefit if electing 66% survivor option with buy-in Estimated monthly benefit if electing 75% survivor option with buy-in Estimated monthly benefit if electing 100% survivor option with buy-in
    Monthly Benefit Increased by buy-in option:
    $
     
    Buy-in Cost:
    $
     
    Recoupment Period (No. of Years):
     
       
      FINAL TOTAL   If any additional calculators were used:
    UPDATED BENEFIT AMOUNT: $ $ $ $
      Estimated monthly benefit if electing 50% survivor option Estimated monthly benefit if electing 66% survivor option Estimated monthly benefit if electing 75% survivor option Estimated monthly benefit if electing 100% survivor option
     

    This estimate is for illustrative purposes only. It is intended to assist with long-term financial planning. It is not a guarantee of benefits that may be available to a member at retirement. Any reliance on information obtained through this benefits estimator must be done solely at the user's own risk.

    No decisions should be made regarding actual retirement choices based in whole or in part upon information obtained through this benefit estimator. Before making any final retirement plans, a member should contact an Office of Pensions benefits counselor. Nothing in this estimate is meant to extend or change in anyway the provisions expressed in the Plan. If there is a conflict between this calculation and the Plan, the Plan controls. All member accounts are subject to final audit. To obtain an estimate of benefits from the Office of Pensions, call 1-302-739-4208 or toll-free at 1-800-722-7300.