Option and Annuity Factors


Option and Annuity Factors

Option and annuity factors are actuarial values used to calculate monthly retirement benefit payments for members who select an optional retirement allowance. The basic allowance is the maximum monthly retirement allowance payable at retirement. Optional allowances reduce the basic allowance but provide different forms of survivor benefits for your designated beneficiaries.

For more detailed information, please review the benefits handbook for your System of participation.

Employees - Service Retirement

Employees - Disability Retirement

Teachers - Service Retirement

Teachers - Disability Retirement

CORS, State Police and LEOPS - Service Retirement

CORS, State Police and LEOPS - Disability Retirement

Judges - Service Retirement

Judges - Disability Retirement

Legislators - Service Retirement

Legsilators - Disability Retirement