Retired workers received benefits calculated by the formula:
2.5% x Highest Average Monthly Salary x Years of Service
- 2.5% is the multiplier as determined by the Legislature
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Highest Average Salary is the average of the three highest yearly salaries earned under PERA employment
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Years of Service is the member’s years and months of work for a PERA employer.
Click here for a fact sheet on PERA benefits
