Social Security Departments

WHAT WOULD MY FPPA DEFINED BENEFIT BE?

The benefit estimate summary below is intended for use by members of Social Security departments that are interested in joining the FPPA Statewide Retirement Plan. For existing FPPA Members, please complete this calculation in the Member Account Portal at FPPAco.org

NOTE: This summary will likely print on multiple pages. To ensure that you receive this estimate in full, please print the entire summary.

What is your date of birth?

What is your current annual Base Salary*? (A.K.A. Pensionable Earnings)

Going forward, what is your expected annual Pensionable Earnings increase?

When will you enter the Statewide Retirement Plan?

At what age do you plan to retire or enter DROP?

Do you plan to purchase any Service Credits?

Yes

You may calculate your Service Credit purchase using the number of credits you'd like to purchase (1 credit = 1 month of service).

How many months do you want to purchase?

When would you like to purchase Service Credits?

*The salary used to calculate the service credit cost is the highest rate of pay (Base Salary, A.K.A. Pensionable Earnings, as defined in FPPA Rules and Regulations) for any calendar year in the plan. Typically, this is a Member's Annual Pensionable Earnings at the time of purchase.

The estimate calculated by this tool is based on the benefits for Members in the Fire & Police Pension Association Statewide Retirement Plan. This estimate is calculated using the FPPA website. It is based solely on information supplied by the Member. The information used is not verified by FPPA and cannot be verified while this estimate is being prepared. The calculation may be revised periodically. The actual cost of service credit will be determined using actuarial factors effective on the established purchase date. In the event that any of this information changes, your benefit may also change.

The estimate provided assumes no previous service with FPPA. The estimated monthly benefit is based on the Normal Option (Single Life). Additional Options may be available at the time of retirement. These estimates are intended for informational purposes only. Official interpretations or determinations are based upon the statutes and rules and regulations that govern the Statewide Retirement Plan.