Defined Benefit Pension Calculation
Calculate your defined benefit pension payout using the years-of-service × salary formula.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Annual Pension = Years × Multiplier% × Final Average Salary
Most government and union defined benefit pensions use this formula. A common multiplier is 1.5-2.5% per year of service.
Frequently Asked Questions
What is a good defined benefit multiplier?
Government plans often offer 1.5-2.5% per year. At 2% with 30 years, you replace 60% of your final salary.