FRS Pension & DROP Calculator

FRS Pension Inputs

Date of Birth

Used to calculate age and retirement eligibility

FRS Membership Class

Determines percentage value and normal retirement age

Current Annual Salary ($)

Gross salary before deductions

Annual Salary Increase (%)

Expected annual COLA or step increase

FRS Percentage Value (%)

Per-year accrual rate for your class

AFC Averaging Period

Highest 5 years (pre-7/1/2011) or 8 years (post-7/1/2011)

Years of Creditable Service

Current completed years of FRS service

Additional Months of Service

Partial year (0-11 months)

DROP Begin Month

Month you enter DROP

DROP Begin Year

Year you enter DROP

Monthly Benefit at DROP Entry ($)

Your fixed monthly pension amount when entering DROP

Annual Crediting Rate (%)

Interest rate applied to DROP balance (6.50% pre-7/1/2011, 1.30% post-7/1/2011)

DROP Duration (Months)

Maximum 60 months (5 years)