Mississippi · Free tool
Mississippi PERS Retirement Calculator
The Mississippi Public Employees' Retirement System (PERS) calculates a pension as 2.0% multiplied by your average compensation multiplied by your years of service. Enter your numbers below for an estimate.
Enter your numbers. The percentage is pre-filled with the 2.0% PERS multiplier; adjust it for your tier or service level.
PERS uses a 2.0% multiplier on your average compensation (the average of your highest four years). Early retirement before your normal retirement age reduces the benefit. Confirm with Mississippi PERS.
Your estimated Mississippi PERS pension
Updates as you type.
Educational estimate only, not financial advice. Uses a simplified Mississippi PERS formula and your inputs; your real benefit varies by tier, service, age, and salary rules.
How the Mississippi PERS formula works
Mississippi PERS uses a 2% multiplier per year for your first 30 years and 2.5% for each year beyond 30, applied to your average compensation, the average of your highest four years. Members hired after July 1, 2011 reach unreduced retirement at age 65 or with 30 years of service.
This calculator uses a single percentage and a simplified formula, so treat the result as an estimate and confirm your figure with PERS. Mississippi teachers also pay into Social Security. Use the full Teacher Retirement Calculator to combine your pension with your 403(b)/457(b) and Social Security, or read what the WEP and GPO repeal means for teachers.
Questions
How is a Mississippi PERS pension calculated?
The PERS benefit multiplies a 2.0% multiplier by your average compensation by your years of service. For example, 30 years at a $50,000 average compensation is 2.0% × $50,000 × 30 = $30,000 per year before any early-retirement reduction.
What multiplier does Mississippi PERS use?
It is 2.0% per year of service. Adjust the percentage on the calculator if your tier or service level uses a different rate.
Do Mississippi teachers get Social Security?
Yes. Mississippi teachers pay into Social Security, so most receive a PERS benefit plus a Social Security benefit. Adding any 403(b) or 457(b) savings completes the picture.