Retirement Plans

Are you nearing retirement or just curious about how much you might receive when it comes time to retire?

We have created this tool to help you estimate what your retirement income might be from the Defined Benefit plan.

In order to use this tool, you will need to know your years of service and your Final Average Monthly Compensation.  This is figured by using the average of your highest five consecutive years of salary. The calculation will assume your retirement at age 65; However, if you are fully vested, you can retire as early as age 60 with a reduced benefit. If you enter an age other than 65, the calculation will show you the benefit at both the age you selected and the benefit available if you wait until age 65.

Effective January 1, 2015 the formula for calculating retirement benefits was changed for those under the age of 60 or those under the age of 50 with fewer than 15 years of service. If, on 1/1/15 you were 60 or older, or 50 or older, with at least 15 years of service, you are “grandfathered” and the calculator below will give you a good estimate of expected benefits.

The normal age of retirement for those not “grandfathered” is now 67.

Download Pension Calculator Here


For more information on vesting or retirement planning, contact FMCUSA – HR Office.

Toll-Free – (800) 342-5531

Local – (317) 244-3660