Calculating Your Retirement Benefit

KPERS Tier 2

KPERS retirement benefits are calculated using the following formula:

Final average salary  x  statutory multiplier  x  years of service  =  annual benefit at normal retirement age
Example: $30,000  x  1.75%  x  30  =  $15, 750 annual benefit

Final Average Salary

Your final average salary is an average of your five highest years of salary, excluding additional compensation, such as payments for unused sick and annual leave. If your salary increases substantially from year to year, a 7.5 percent cap may be used. Generally, the cap applies when your salary changes and your position does not.

Statutory Multiplier

• 1.75 percent for participating service
• 1 percent or 0.75 percent for prior years of service (time worked for an employer before affiliation with KPERS)