RETIREMENT INCENTIVE (ERI) SCHOOL BOARD CHAPTER 129, P.L. 2003
PERS/TPAF RETIREMENT ESTIMATE CALCULATOR Public Employees' Retirement
System (PERS) Teachers' Pension and Annuity Fund (TPAF)
Notice:This retirement estimate
calculator is for Board of Education, Educational Services
Commission, and Jointure Commission members of the Public
Employees' Retirement System (PERS) or the Teachers' Pension
and Annuity Fund (TPAF) who are eligible for the Early Retirement
Incentive (ERI) under Chapter 129, P.L. 2003. The
calculation is based solely on the salary and service information
you provide and does not access any account information maintained
by the Division of Pensions and Benefits.
NOT ADD ANY ADDITIONAL YEARS OF SERVICE CREDIT. Enter
only the service
credit that you would normally have credited to your pension
as of your date of retirement.
employers may adopt an ERI effective date of either July 1,
2003 or July 1, 2004. Your retirement date cannot be later
than August 1 or September 1 after the effective date of the
ERI resolution adopted by your employer.
you qualify under Category 1 of the ERI,
this calculator will
automatically add the additional service credit or veterans
qualify under Categories 2 of the ERI, you
will receive paid health benefits from the State Health
qualify under Categories 3 of the ERI, you will
receive a separate incentive payment of $500 per month for
you would like to see an estimate that includes available
your beneficiary's date of birth.