PERA Retirement calculation

[timberland]

I am looking at a state job in CO, and don't have a login, can someone login and calculate a retirement payment for me? I am 50 now, starting salary $75000. Do a calc for retirement at 60 and 65. If anyone can give a ballpark I would appreciate it

 

[[email protected]]

The way HR explained it to me when I started you’d get essentially nothing at 60 and 80% at 65. She said age + years of service has to = 80 to get 80%.

 

[cnelk]

You will be under the PERA Table 9 Benefit Structure -

https://www.copera.org/sites/default/files/documents/pera9.pdf

Looks like at age 60 it will be 15.8% of your HAS [Highest Avg Salary]
At age 65 it will be 23.7%

 

[cnelk]

For anyone that is interested in more of the Colorado PERA Benefit Structure and the HAS Tables - see link

https://www.copera.org/members/has-tables