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Teachers' > Plan Governance > Plan design > Member Scenarios

Explore these member scenarios to better understand how plan design changes may affect you and your pension benefit.

These scenarios are illustrative and should not be used for retirement planning. We recommend you seek professional advice from an independent financial advisor to examine your entire personal financial situation before making any decisions.

If you plan on retiring before January 1, 2018, please go to My Account or contact the plan for a personalized pension estimate.

  • Hannah will be 58 in 2017 and is thinking of retiring with an unreduced pension. What will happen if Hannah works one additional year?
  • By 2017, Hannah will have worked for a plan employer for 32 years
  • Hannah’s five-year highest average monthly salary (HAS)* at retirement will be $6,600

* The salary used in the calculation of your pension. It is the average of your highest five years of annual full-time equivalent salary and is expressed on a 12-month basis. In this document, HAS is divided by 12 to produce a monthly figure.

  • Anh will be 58 in 2017 and is thinking of retiring with an unreduced pension. What will happen if Anh works until June 2018?
  • By 2017, Anh will have worked for a plan employer for 32 years
  • Anh’s five-year highest average monthly salary (HAS)* at retirement will be $9,500

* The salary used in the calculation of your pension. It is the average of your highest five years of annual full-time equivalent salary and is expressed on a 12-month basis. In this document, HAS is divided by 12 to produce a monthly figure.
** This scenario assumes that Anh works on a 12-month basis

  • Katie will be 56 in 2017 and is thinking of retiring with a reduced pension. What will happen if Katie works until June 2018?
  • By 2017, Katie will have worked for a plan employer for 32 years
  • Katie’s five-year highest average monthly salary (HAS)* at retirement will be $6,600

* The salary used in the calculation of your pension. It is the average of your highest five years of annual full-time equivalent salary and is expressed on a 12-month basis. In this document, HAS is divided by 12 to produce a monthly figure.
** This scenario assumes that Katie works on a 10-month basis

  • Stanislav will be 59 in 2017 and is thinking of retiring with a reduced pension. What will happen if Stanislav works one additional year?
  • By 2017, Stanislav will have worked for a plan employer for 25 years
  • Stanislav’s five-year highest average monthly salary (HAS)* at retirement will be $6,600

*The salary used in the calculation of your pension. It is the average of your highest five years of annual full-time equivalent salary and is expressed on a 12-month basis. In this document, HAS is divided by 12 to produce a monthly figure.

  • Rich is a part-time teacher (0.86 of full time) who will be 56 in 2017 and is thinking of retiring with a reduced pension. What would happen if Rich works one additional year?
  • By June 2017, Rich will have worked for a plan employer for 32 years (his contributory service) and because Rich is not working full time, his contributory service is larger than his pensionable service; in this case, for various reasons, Rich has 25 years of pensionable service
  • Rich’s five-year highest average monthly salary (HAS)* on retirement will be $6,600

*The salary used in the calculation of your pension. It is the average of your highest five years of annual full-time equivalent salary and is expressed on a 12-month basis. In this document, HAS is divided by 12 to produce a monthly figure.
**This scenario assumes that Rich works on a 10-month basis.

  • Jo is a superintendent who will be 60 in 2017 and is thinking of retiring with an unreduced pension. What will happen if Jo works one additional year?
  • By December 2017, Jo will have worked for a plan employer for 34 years
  • Jo’s five-year highest average monthly salary (HAS)* on retirement will be $13,300

*The salary used in the calculation of your pension. It is the average of your highest five years of annual full-time equivalent salary and is expressed on a 12-month basis. In this document, HAS is divided by 12 to produce a monthly figure.
**This scenario assumes that Jo works on a 12-month basis.

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