Corrections Professional
Retirement Calculator
& News Update

Is it too self-serving to have a retirement calculator on a Corrections Professional web site?

Of all things that might encourage staff to make a great, rewarding career in the correctional field, good retirement plans ought to help.

And when you know where you're going, and how you're going to get there, it relieves stress -- an important requirement for our field of work.

Remember: You are only a Corrections Professional eight hours a day (give or take a little). The rest of your life, you're a Mom, Dad, Best Friend, Karate Teacher, Surfer, Homeless Shelter Volunteer, or whatever else defines you.

So go ahead -- click on the link below and start planning. It's never too soon to start!

Use your Tier One or Tier Two account balance from your last calendar year member annual statement to do an online retirement benefit calculation.

The PERS Benefit Estimate Calculator (for Tier One and Tier Two members) calculates an estimated retirement benefits.

The benefit estimate calculator provides an estimated account balance at retirement and an estimated monthly benefit amount for each of the 13 retirement options under the PERS plan. The calculator uses the most recent actuarial tables for all estimates. These are estimates only, and PERS is not bound by figures produced by this program.

The calculator uses the following criteria:

• The actuarial table used is based on age in years and months.
• Unused vacation and sick leave hours are valued using the annual salary you enter.
• Contributions through December 31.

The calculator will not calculate:

1. Estimates for judges, legislative members, and TIAA-CREF members.
2. Costs and impacts associated with optional purchases. (For information on purchases, please contact PERS Customer Service.)
3. Estimates of any part of an account balance has been or will be distributed to an alternate payee, or if a benefit will be adjusted as a result of a divorce decree.
4. Disability retirement benefits.
5. Estimates where any part of your total service time includes time accrued under the Oregon Public Service Retirement Plan (OPSRP).
6. Estimates for the OPSRP Pension Program or Individual Account Program (IAP).
7. Variable adjustments based on City of Eugene vs. PERS settlement.
8. A benefit for anyone born before 1930. You will need to contact PERS for a benefit estimate.

Public Employees Retirement Home Web Page

6 Biggest Retirement Mistakes - by Chavon Sutton
Saving for retirement is an intimidating task and everyone makes mistakes. To mark financial literacy month, we asked financial experts about the missteps they see most often and how to avoid them.