NYCERS Pension Calculator
Estimate your NYC Employees Retirement System pension benefit. Calculate your NYCERS pension for city workers using your plan tier, final average salary, years of service, and retirement age.
NYCERS Plan Tier
Salary & Service
Retirement Duration
NYCERS Pension Score
Your NYCERS pension is a solid foundation. Supplement with the NYC 457(b) Deferred Compensation Plan and Social Security for full retirement security.
Monthly Pension
$2,649
Salary Replacement
37%
Monthly Pension
$2,649
$31,790/year
Salary Replacement
37%
of $85,000 FAS
Lifetime Pension
$955,706
over 25 years
Benefit Multiplier
37.4%
Tier 4 formula
NYCERS Pension Over Time
Annual Tier 4 pension payments with COLA through retirement
Personalized Insights
Actionable recommendations based on your numbers
Moderate NYCERS pension: $2,649/month
Your NYCERS pension of $2,649/month is a valuable defined benefit. Consider supplementing with a 457(b) Deferred Compensation Plan or other savings to maintain your pre-retirement lifestyle.
37% salary replacement
Your pension replaces 37% of your final average salary. With Social Security and personal savings, aim for 70-80% total income replacement for a comfortable retirement.
Full unreduced pension benefit
At age 62 with 22 years of service, you qualify for a full unreduced NYCERS pension under the 62/5 plan.
4.85% member contribution rate
Tier 4 members contribute 3% of salary for the first 10 years of membership. After 10 years, contributions stop but your pension continues to grow with additional service and salary increases.
3 more years to reach the 55/25 milestone
Tier 4 members with 25+ years of service can retire at 55 without penalty. You currently have 22 years. Reaching 25 years would also increase your benefit multiplier since years beyond 20 earn 2% per year.
$955,706 in estimated lifetime pension
Over 25 years of retirement with a 1.5% annual COLA, your total NYCERS pension payments are projected at $955,706. Your defined benefit pension provides guaranteed income for life regardless of market conditions.
Related Retirement Calculators
Explore the next planning questions readers usually compare with this calculator.