All data comes from government sources. Texas Budget Source is not responsible for any errors or omissions.
All pension calculations are estimates. In calculating projected pension liabilities, we use average years-of-service at retirement and average life-span after retirement for each employee classification.
The following calculations are used:
State, municipal and county employees: 2.3% X 22 yrs X current salary
Teachers and school employees: 2.3% X 24.6 yrs X current salary
Law Enforcement/public safety employees: 2.8% X 22 yrs X current salaryNot all listed individuals are vested in a typical defined-benefit pension plan. For employees who contribute to a 401(k)-style pension plan (such as certain university faculty and staff), pension expenditures depend on varying employer contributions and cannot be determined through available information.
For more accurate pension figures, enter specific information into the calculator.