Average Final Compensation (AFC): The average of your salary during your four highest-paid years in a row. If your four highest-paid years in a row include a final payment for unused vacation leave and/or prorated longevity, your AFC may be increased by the extra payment(s). Final payments, if any, for unused sick leave or reimbursements for expenses are not includable in your AFC.
The accrual rate is determined by the General Assembly, and it represents the percentage of the AFC a member receives for each year of creditable service.
Creditable Years of Service:
The total of all service credit that counts toward retirement. It includes membership service for any period you contribute to your retirement system, provided you have not withdrawn your contributions. It also includes credit for eligible purchased service and eligible unused sick leave that is converted to creditable service at retirement.
Early Retirement Factor: Your early retirement benefit is calculated using the same formula as a service retirement benefit multiplied by a reduction percentage based on your age and/or service at early retirement. Because your benefit may be paid over a longer period of time than if you had waited until being eligible for service retirement, your benefit will be reduced. Tables in your
Retirement Handbook show the effects these reductions would have on your benefit.
You can use the estimator located on the log in screen of
ORBIT, or log in to use the estimator with your information filled in for you. You may also follow the steps below to receive an estimate.