|HOME ACTIVE MEMBERS RETIREES EMPLOYERS CONTACT US SITE MAP|
KP&F Calculator Definitions
Someone you choose to receive a continuing monthly benefit after your death. This is an optional benefit.
Your retirement date must be the first day of a month. Benefit payments begin at the end of the month after your retirement date.
You are a Tier I member if you were employed before July 1, 1989, and did not choose Tier II coverage.
All new KP&F members are Tier II members. You are a Tier II member if you were employed on or after July 1, 1989, or before July 1, 1989, and chose Tier II coverage.
Years @ 2.5% multiplier
After 32 years of credited service, you will receive the maximum retirement benefit (80 percent of final average salary).
Please note: Military service does not count toward your eligibility to retire, but does increase your benefit. KPERS service can count toward retirement eligibility, but you will have a separate benefit calculated with the KPERS retirement formula. Estimate your benefit for any KPERS service using the KPERS benefit calculator.
If your membership date was on or after July 1, 1993, your final average salary is an average of the three highest of your last five years of service, excluding additional compensation*, such as unused sick and annual leave.
If your membership date was before July 1, 1993, your final average salary is an average of the three highest of your last five years of service, including additional compensation*, such as unused sick and annual leave.
*Additional Compensation or "add-on pay" is compensation from your employer for unused sick leave, annual leave, etc. KP&F cannot use an early retirement incentive or severance pay as part of add-on pay when calculating your final average salary. When add-on pay is included in your final average salary, it is only included in the year before your retirement date.Note: For your current final average salary, see your last annual statement or contact the Retirement System.