Calculating 25-and-Out Service Retirement Benefits
25-and-Out early retirement benefits are calculated using this formula:
|Benefit Factor||X||Final Average Salary||X||Years of Service||=||Lifetime Single Life Benefit|
Benefit Formula Components
- The Benefit Factor is set by law. For 25-and-Out early retirement, the benefit factor corresponds to your years of service at retirement, and ranges from 1.51% to 1.59%. View Benefit Factors
- Final Average Salary is a monthly average of your three highest consecutive years of PEERS-covered salary (including employer-paid health, dental and vision insurance premiums).
- Years of Service includes the number of years of service you have earned, reinstated and purchased with PEERS.
- The Lifetime Single Life Benefit is the highest lifetime monthly benefit. It does not provide any monthly payments for your beneficiaries after your death. Learn more
25-and-Out Benefit Factors
| ||Years of Service|
|Benefit Factor||At Least||But Fewer Than|
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