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South Carolina SCRS Pension Calculator
The South Carolina Retirement System (SCRS), administered by PEBA, calculates your pension as 1.82% multiplied by your average final compensation multiplied by your years of service. Enter your numbers below for an estimate.
Enter your numbers. The percentage is pre-filled with the South Carolina SCRS factor that fits most members; adjust it for your class or tier.
SCRS uses a 1.82% factor on average final compensation: 3 highest years (Class Two) or 5 highest years (Class Three, most members hired after July 2012). Benefit is formula-based, not account-balance based. Confirm your class with S.C. PEBA.
Your estimated South Carolina SCRS pension
Updates as you type.
Educational estimate only, not financial advice. Uses a simplified South Carolina SCRS formula and your inputs; your real benefit varies by class, service, age, and salary rules.
How the South Carolina SCRS formula works
SCRS uses a 1.82% benefit factor: 1.82% per year of service, multiplied by your average final compensation. Thirty years of service is worth about 55% of your average final compensation. The benefit is based on this formula, not on your account balance.
Average final compensation depends on your class. Class Two members average their 12 highest consecutive quarters (3 years); Class Three members average their 20 highest consecutive quarters (5 years). Most teachers hired after July 2012 are Class Three. South Carolina teachers also pay into Social Security, and SCRS provides a small annual benefit adjustment in retirement. 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 South Carolina SCRS pension calculated?
SCRS multiplies 1.82% by your average final compensation by your years of service. For example, 30 years at a $50,000 average final compensation is 1.82% × $50,000 × 30 = $27,300 per year. The benefit is set by formula, not by your account balance.
What is average final compensation in SCRS?
It depends on your class. Class Two members use their 12 highest consecutive quarters (about 3 years). Class Three members, most teachers hired after July 2012, use their 20 highest consecutive quarters (about 5 years).
Do South Carolina teachers get Social Security?
Yes. South Carolina teachers pay into Social Security, so most receive both an SCRS pension and a Social Security benefit. SCRS also provides a modest annual benefit adjustment (up to $500 per year) in retirement.