Pension Estimator

  1. The accrual rate on your pension benefit statement is the percentage of pension you have attained as of the last year listed on your pension benefit statement. Enter the accrual rate from your pension statement.



  2. Each month you teach from September to June is considered one tenth (0.1) years of service. Enter the number of years and tenths of years of teaching service from the last year listed on your pension statement to the anticipated retirement date. e.g. (1.3)



  3. Enter the best five (5) years years of pensionable salary using your pension statement, and anticipated salaries to the point of retirement.

  4. Click the calculate button to obtain your estimated annual pension.


Introduction

The Pension Estimator is an online tool that complements your annual Pension Benefit Statement by enabling you to estimate your future pension income using information on your Pension Statement, and information you provide regarding years of service and annual salary from the time recorded on your Pension Benefit Statement to your projected retirement date.

Figures obtained are estimates only, and are not gauranteed. Actual pensions are determined by the Pensions Division at the Department of Finance in accordance with the provisions of the Teachers' Pension Plan.

Pension Information

The Department of Government Services is responsible for regulating insurance matters, pensions and securities. This includes mediating disputes with these lines of business for the protection of the public.