Compare Anticipated Retirement Income Needs to Projected PERS Income Worksheet 4
The worksheet below can help you determine:
- The portion of anticipated retirement income needs that are met by each PERS retirement plan
- Which PERS retirement plan may work best for you
| DCRP Income Example 1 |
DBRP Income Example 1 |
DCRP Income Example 2 |
DBRP Income Example 2 |
Your Planning | |
|---|---|---|---|---|---|
| Projected Monthly Retirement Income Need (from worksheet 1) |
$2,560 | $2,560 | $2,560 | $2,560 | |
| Projected PERS Income (from worksheets 2 & 3) |
$1,133 | $490 | $1,907 | $2,109 | |
| Retirement Income Shortage or Surplus |
-$1,427 | -$2,070 | -$653 | -$451 |
As you may determine from Worksheet 4, PERS retirement income may not fully meet your projected retirement income needs. You may need the other two legs of the three-legged retirement stool for sufficient retirement income.
The calculations and information provided to this point may be adequate for you to make your PERS retirement plan choice.
|
You may wish to review the following regarding the last two legs of the retirement stool:
- Social Security Income - Worksheet 5
- Personal Assets and Savings
Note: Helping you project potential benefits from each PERS retirement plan is the primary focus
and purpose of this information and worksheets. The information regarding Social Security and
Personal Assets and Savings is brief and introductory.
You may wish to consult with a financial advisor to address the three legs of the retirement stool and your individual circumstances in a complete retirement plan.
You may wish to consult with a financial advisor to address the three legs of the retirement stool and your individual circumstances in a complete retirement plan.
