This is your average monthly salary calculated over the 60 consecutive months five years where your salary was the highest. In most cases, this is your final five years before retiring; though, some people may have higher salaries during other points in their career. This is what you would need to know to calculate your PERS 3 retirement income:. At retirement, part of your PERS 3 income comes from your defined benefit. The other part comes from your defined contribution.
When enrolling, you must choose from among six contribution options. These contributions are automatically taken out of your paycheck on a pretax basis. This lowers your taxable income, which in turn lowers the amount of taxes your pay. Your contributions are then invested in your retirement fund. The cookie is used to store the user consent for the cookies in the category "Analytics". The cookies is used to store the user consent for the cookies in the category "Necessary".
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Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Analytics Analytics. Schools Details: Service Retirement Guide - ohsers. This fraction is determined by dividing the number of days paid by Schools Details: For more information, see yourMember Handbook.
SERS is your partner in helping you achieve a secure retirement. Schools Details: If you would like to schedule either an in-person, phone, or virtual counseling session, please contact SERS toll-free at Business Hours: Monday through Friday, 8 a. The parking garage entrance is located on. Rules governing the retirement system are subject to change periodically either by statute of. Features available on Account Login include: Review of your account balance and service credit.
Contact Payroll Department for information. If you plan to retire in the next few months , notify Human Resources and Payroll Department immediately. You may be eligible to purchase retirement credit for your service as a substitute.
Set up a my Social Security Account. The Social Security Administration has a web site where you can keep track of your earnings, get an estimate of your future benefits, apply for Medicare, apply for Social Security benefits when you retire and more.
There are eligibility and procedural requirements that must be met to ensure the employee may enroll in or defer retiree insurance coverage.
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