Determine your pensionable salary
Determine your pension accrual rate or formula
Determine your years of service or contribution period
Multiply pensionable salary by accrual rate and years of service, if using a defined benefit formula
Add any guaranteed increases, bonuses, or service credits if applicable
Subtract any early retirement reductions if retiring before normal retirement age
Add any additional contributions, employer matches, or investment growth if using a defined contribution plan
Subtract fees, taxes, or penalties if applicable
Use the plan’s official rules to confirm the final pension amount
Contact your pension provider or HR department for an exact calculation