Calculating Your KP&F Retirement Benefit

KP&F retirement benefits are calculated using the following formula:

Final average salary  x  statutory multiplier  x  years of service (up to 32 years)   =  annual benefit at normal
retirement age
Example: $35,000  x  2.5%  x  20  =  $17, 500 annual benefit

Final Average Salary

If your membership date is 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*.

If your membership date is 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*.

The three-year average is based on the highest 12 annualized quarters of compensation during that period. They do not have to be continuous quarters.

*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.

Statutory Multiplier

2.5 percent for participating service

Estimate Your Benefit
You can calculate your own estimate with KPERS' benefit calculator. Simply enter your own information from your KP&F annual statement.