Active Employees' Beneficiaries


Active Employees'
 

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Active Employees' Retirement System Estimate - Do Your Own

Q. How do I find the online retirement benefit calculator?

A. From any of the Retirement Agency internet pages, look at the left navigation bar for the link to “Member Area: Secure Log In”. During your first visit to this secure site, you will need to establish an account. We have created an information sheet to help walk you through the steps.

Q. How do I find the online retirement benefit calculator?

A. From any of the Retirement Agency internet pages, look at the left navigation bar for the link to “Member Area: Secure Log In”. During your first visit to this secure site, you will need to establish an account. We have created an information sheet to help walk you through the steps.

The following internet calculator will provide you with an estimate of your retirement benefits based on the information you supply. It does not contain information about the optional Joint and Last Survivor benefit available. Sick leave and LWOP (leave without pay) are not included in these calculations.

If you retire from Fairfax County with a Regular Service Retirement you will be eligible to receive the Pre-Social Security Benefit (Pre-SSB), as calculated below, UNTIL the age at which you will be eligible to receive UNREDUCED Social Security Benefits, somewhere between the ages of 65 and 67. If you are within one year of retirement eligibility and would like to request an estimate from the Retirement Agency, please download the Request an Estimate form and return it to the Retirement Agency by fax or mail. Please read the Retirement Agency policy on estimate requests before submitting request form. This policy can be found on page 2 of the estimate request form.

Your Retirement Plan: Plan A (4.0%) Plan B (5.33%)

Enter the four-digit year and month you were born Year Month

Enter your membership date: Year Month

Enter your average annual salary (based on your highest consecutive 78 payperiods if paid bi-weekly or 36 payperiods if paid monthly). Do not include dollar signs or commas (e.g. $40,000 should be input as 40000).

Enter your planned retirement date: Year Month

Your first eligible date to retire is: Year Month

Your estimated monthly retirement benefit for regular service is:

Monthly Benefit

Monthly Pre-Social Security Benefit paid to age
(Note: you may or may not be eligible for this dollar amount based upon the Full Social Security Benefits Eligibility Table below)

Total Monthly Benefit

Your annual benefit is which reflects % of your average annual salary.


DROP (Deferred Retirement Option Program)

Are you interested in deferring retirement for 3 years?

A member eligible to retire may choose to enter DROP and have his or her annuity deferred while continuing to work for a period of three years. During the DROP period, the pension plan accumulates the accrued monthly benefit as a lump sum balance.

The calculator below shows the impact on your benefit of working for three more years with and without DROP.

Baseline Average User Select
Annual Salary Growth 0% 4% %
Anticipated COLA 0% 3%
DROP Interest Rate 5% 5% 5%

Option 1: Retire without entering DROP
Benefits Commence in at age
Monthly Benefit
Monthly Pre-Social Security
Benefit paid to age
 
Option 2: Enter DROP in at age for 3 years
Benefits Commence in at age
Monthly Benefit
Monthly Pre-Social Security
Benefit paid to age
Lump Sum

At such time as you are eligible for unreduced Social Security benefits, your Pre-Social Security Benefit will cease. Eligibility for the Pre-Social Security Benefit is based on the age at which you are eligible to receive unreduced Social Security benefits. See the table below to determine your age requirement for unreduced Social Security benefits.

Full Social Security Benefits Eligibility Table
Year of Birth Your Age for Full Benefits
1937 or earlier 65 years
1938 65 years, 2 months
1939 65 years, 4 months
1940 65 years, 6 months
1941 65 years, 8 months
1942 65 years, 10 months
1943 - 1954 66 years
1955 66 years, 2 months
1956 66 years, 4 months
1957 66 years, 6 months
1958 66 years, 8 months
1959 66 years, 10 months
1960 or later 67 years

Use the table above to determine your Pre-Social Security Benefit eligibility.





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