Defined Benefit Pension Calculator
Calculate your defined benefit pension projections, retirement income, and pension value. Get precise estimates for your pension plan benefits.
Step 1: Personal Information
Pension Information
Defined benefit pensions provide a guaranteed retirement income based on salary history and years of service with your employer.
Step 2: Pension Plan Details
About Defined Benefit Pensions
Defined benefit plans guarantee a specific monthly benefit at retirement, often based on a formula considering salary and years of service.
Pension Calculation Results
Annual Pension Income at Retirement
Annual Pension Projections
Pension Growth Projection
Your pension grows with each additional year of service and salary increases. The accrual rate determines how much benefit you earn each year.
Pension Benefit Breakdown
Pension Calculation Formula
Annual Pension = (Final Average Salary × Accrual Rate × Years of Service) / 100
Final Average Salary is typically based on your highest earning years. Accrual rate is determined by your pension plan (commonly 1-2% per year).
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