Disclaimer:

The Benefit Estimator is intended only to provide the member with the basic formula for estimating his or her retirement allowance, not as an assurance of any benefit that the member will eventually receive.  It is for illustrative purposes only.

Retirement decisions should not be based in whole or in part upon the information obtained from using this benefit estimator. Official estimates will also include options other than the basic benefit shown below and may be obtained by contacting a KTRS counselor during business hours.

All estimates are subject to audit and amendment at any time in accordance with the relevant sections of KRS Chapter 161.

Minimum Retirement Elgibility -- 27 years Kentucky service or age 55 with 5 years of service credit.


5 Estimator Keyboard Tips & Techniques:

Input the highest five (5) years of salary*.  

  *Check here if you are age 55 or older and have 27 or more years of Kentucky service. Input only your three (3) highest years of salary.

 Salary Information







    
 KTRS Service Credit KTRS Service Years Times No. of Years Credited
 =  %

   %

   %

(**Input all UNIVERSITY service credit in the 2.0 input box above**)
(**Fo non-university KTRS members entering the system 7/1/2002 and after, the first 9.99 years are valued at 2.0%. After 10 years, all years will be credited at 2.5%.**)
= 

 Calculations

Note:  If you are under age 60 and/or you have less than 27 years Kentucky Service, your benefit will be less than the basic benefit shown above, see KTRS pamphlet for Service Retirement..

Average Salary x Total Percentage = Annual Annuity. (See Note Below)
X
 = 

Divide by 12 to get monthly annuity.
$ / 12 = $ Basic Benefit