Retirement ... A New Beginning - Tennessee Department of Treasury

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Average Schedule of Group I Estimated Monthly Benefits for 2013 Based on Retirement at Age 60 or After 30 Years of Service Social Security Integration Level: $64,800 Does Not Include 5% Benefit Improvement Salary 5 Yrs. 10 Yrs. 15 Yrs. 20 Yrs. 25 Yrs. 30 Yrs. 35 Yrs. $ 15,000 $ 94 $ 188 $ 281 $ 375 $ 469 $ 563 $ 656 16,000 100 200 300 400 500 600 700 17,000 106 213 319 425 531 638 744 18,000 113 225 338 450 563 675 788 19,000 119 238 356 475 594 713 831 20,000 125 250 375 500 625 750 875 21,000 131 263 394 525 656 788 919 22,000 138 275 413 550 688 825 963 23,000 144 288 431 575 719 863 1,006 24,000 150 300 450 600 750 900 1,050 25,000 156 313 469 625 781 938 1,094 26,000 163 325 488 650 813 975 1,138 27,000 169 338 506 675 844 1,013 1,181 28,000 175 350 525 700 875 1,050 1,225 29,000 181 363 544 725 906 1,088 1,269 30,000 188 375 563 750 938 1,125 1,313 31,000 194 388 581 775 969 1,163 1,356 32,000 200 400 600 800 1,000 1,200 1,400 33,000 206 413 619 825 1,031 1,238 1,444 34,000 213 425 638 850 1,063 1,275 1,488 35,000 219 438 656 875 1,094 1,313 1,531 36,000 225 450 675 900 1,125 1,350 1,575 37,000 231 463 694 925 1,156 1,388 1,619 38,000 238 475 713 950 1,188 1,425 1,663 39,000 244 488 731 975 1,219 1,463 1,706 40,000 250 500 750 1,000 1,250 1,500 1,750 41,000 256 513 769 1,025 1,281 1,538 1,794 42,000 263 525 788 1,050 1,313 1,575 1,838 43,000 269 538 806 1,075 1,344 1,613 1,881 44,000 275 550 825 1,100 1,375 1,650 1,925 45,000 281 563 844 1,125 1,406 1,688 1,969 46,000 288 575 863 1,150 1,438 1,725 2,013 47,000 294 588 881 1,175 1,469 1,763 2,056 48,000 300 600 900 1,200 1,500 1,800 2,100 49,000 306 613 919 1,225 1,531 1,838 2,144 50,000 313 625 938 1,250 1,563 1,875 2,188 55,000 344 688 1,031 1,375 1,719 2,063 2,406 60,000 375 750 1,125 1,500 1,875 2,250 2,625 65,000 406 813 1,219 1,626 2,032 2,439 2,845 70,000 443 886 1,329 1,772 2,215 2,658 3,100 75,000 479 959 1,438 1,918 2,397 2,876 3,356 80,000 516 1,032 1,548 2,063 2,579 3,095 3,611 85,000 552 1,105 1,657 2,209 2,761 3,314 3,866 90,000 589 1,178 1,766 2,355 2,944 3,533 4,121 95,000 625 1,250 1,876 2,501 3,126 3,751 4,376 100,000 662 1,323 1,985 2,647 3,308 3,970 4,632 Page 29
2013 Group I Schedule Estimated Monthly Benefits at Age 55 Social Security Integration Level: $64,800 Includes 5% Benefit Improvement Average Salary 10 Yrs. 15 Yrs. 20 Yrs. 25 Yrs. $ 15,000 $ 150 $ 224 $ 299 $ 374 16,000 160 239 319 399 17,000 170 254 339 424 18,000 180 269 359 449 19,000 190 284 379 474 20,000 200 299 399 499 21,000 209 314 419 524 22,000 219 329 439 549 23,000 229 344 459 574 24,000 239 359 479 599 25,000 249 374 499 623 26,000 259 389 519 648 27,000 269 404 539 673 28,000 279 419 559 698 29,000 289 434 579 723 30,000 299 449 599 748 31,000 309 464 618 773 32,000 319 479 638 798 33,000 329 494 658 823 34,000 339 509 678 848 35,000 349 524 698 873 36,000 359 539 718 898 37,000 369 554 738 923 38,000 379 569 758 948 39,000 389 584 778 973 40,000 399 599 798 998 41,000 409 613 818 1,022 42,000 419 628 838 1,047 43,000 429 643 858 1,072 44,000 439 658 878 1,097 45,000 449 673 898 1,122 46,000 459 688 918 1,147 47,000 469 703 938 1,172 48,000 479 718 958 1,197 49,000 489 733 978 1,222 50,000 499 748 998 1,247 55,000 549 823 1,097 1,372 60,000 599 898 1,197 1,496 65,000 649 973 1,297 1,622 70,000 707 1,060 1,414 1,767 75,000 765 1,148 1,530 1,913 80,000 823 1,235 1,647 2,058 85,000 881 1,322 1,763 2,204 90,000 940 1,409 1,879 2,349 95,000 998 1,497 1,996 2,495 100,000 1,056 1,584 2,112 2,640 2013 Group I Schedule Estimated Monthly Benefits at Age 55 Social Security Integration Level: $64,800 Does Not Include 5% Benefit Improvement Average Salary 10 Yrs. 15 Yrs. 20 Yrs. 25 Yrs. $ 15,000 $ 143 $ 214 $ 285 $ 356 16,000 152 228 304 380 17,000 162 242 323 404 18,000 171 257 342 428 19,000 181 271 361 451 20,000 190 285 380 475 21,000 200 299 399 499 22,000 209 314 418 523 23,000 219 328 437 546 24,000 228 342 456 570 25,000 238 356 475 594 26,000 247 371 494 618 27,000 257 385 513 641 28,000 266 399 532 665 29,000 276 413 551 689 30,000 285 428 570 713 31,000 295 442 589 736 32,000 304 456 608 760 33,000 314 470 627 784 34,000 323 485 646 808 35,000 333 499 665 831 36,000 342 513 684 855 37,000 352 527 703 879 38,000 361 542 722 903 39,000 371 556 741 926 40,000 380 570 760 950 41,000 390 584 779 974 42,000 399 599 798 998 43,000 409 613 817 1,021 44,000 418 627 836 1,045 45,000 428 641 855 1,069 46,000 437 656 874 1,093 47,000 447 670 893 1,116 48,000 456 684 912 1,140 49,000 466 698 931 1,164 50,000 475 713 950 1,188 55,000 523 784 1,045 1,306 60,000 570 855 1,140 1,425 65,000 618 927 1,236 1,545 70,000 673 1,010 1,346 1,683 75,000 729 1,093 1,457 1,822 80,000 784 1,176 1,568 1,960 85,000 839 1,259 1,679 2,099 90,000 895 1,342 1,790 2,237 95,000 950 1,425 1,901 2,376 100,000 1,006 1,509 2,011 2,514 Page 30
Page 1 and 2: Retirement ... A New Beginning A Gu
Page 3 and 4: This pamphlet is intended to provid
Page 5 and 6: Group I Retirement Requirements Ser
Page 7 and 8: Creditable Service Any member who b
Page 9 and 10: Service Retirement Unreduced Benefi
Page 11 and 12: 25-Year Early Retirement Reduced Be
Page 13 and 14: Option IV - Modification of Option
Page 15 and 16: Payment Plans Regular Option I Opti
Page 17 and 18: Requirements for Continuation of Me
Page 19 and 20: Medicare Supplement Insurance Tenne
Page 21 and 22: Federal Income Tax Introduction TCR
Page 23 and 24: If the reemployed retiree chooses n
Page 25 and 26: Decide when and how to begin drawin
Page 27 and 28: After Retirement Make sure any emp
Page 29 and 30: Definition of Retirement Terms Aver
Page 31: Average Page 28 Schedule of Group I
Page 35 and 36: From the South • Proceed on Inter
Page 37 and 38: TENNESSEE CONSOLIDATED RETIREMENT S

Retirement ... A New Beginning - Tennessee Department of Treasury

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