Enter your years of service, final average salary, and pension multiplier into the calculator to determine your monthly pension benefits.
Pension Calculation Formula
The following formula is used to calculate the monthly pension from your years of service and final average salary.
Monthly Pension = (Years of Service * (Final Average Salary * (Pension Multiplier / 100))) / 12
Variables:
- Monthly Pension is the amount you receive each month ($)
- Years of Service is the total number of years you have worked in the CPS system
- Final Average Salary is the average of your highest earning years ($)
- Pension Multiplier is the percentage used to calculate your pension based on your years of service (%)
To calculate the monthly pension, multiply your years of service by your