This tool is intended to assist you in determining the disbursement
options that would be available when you retire your IAP account based on the
data that you input.
Disbursement options are monthly, quarterly or annually payments over a 5, 10,
15 or 20 year period as well as a one-time total lump sum disbursement. This
tool does not calculate the Anticipated Life Span Option.
The tool adds employee contributions and earnings up to the end of the Last Work
Year you select.
It adds earnings up to the end of the Retirement Year you select.
The disbursement amounts and available options that are generated reflect the
Annual Earnings Rate that you enter.
Your actual payments will vary from year
to year depending on the actual earnings rates in the future.
The tool may modify the Effective Retirement Year so it is not earlier than
the Last Work Year.
PERS is not bound by figures produced by this program.
No representations or
guarantees are made on the accuracy of the calculation or projections.
account is subject to earnings or losses based on the performance of the IAP