Additional Service Credit Cost Estimator
Must use first day of the month
Calculation Date
Member's Cost of Service Purchase:
MEMBER INFORMATION
Member Name
Member ID
Member DOB
SALARY
Current Annual
SERVICE
CT
NON-CT
Earned Service
Already Purchased
PURCHASING CT SERVICE
•
Wartime Military Service
• Previous Leave of Absence
• Substitute Teaching
• Part-time Service (less than 50%)
• Part-time Lecturer
PURCHASING NON-CT SERVICE
•
Peacetime Military Service
• Military Dependents School
• Outside State Teaching
• State of Connecticut - Non Teaching
• Elected Official
• Federal Teacher Corp
• Peace Corps
• Social Work Assistant in a Public School
• VISTA
• SERC
•
Special Teaching Service
DISCLAIMER:
ver
<html xmlns="http://www.w3.org/1999/xhtml"> <head> <title>ADDITIONAL SERVICE CREDIT COST ESTIMATE</title> <style> ; } ; } ; ; } } ne; } } } }END EXTERNAL SOURCE * </style> </head> <body style="margin:20px"> <table cellpadding=" 0" cellspacing="0" width="100%" align="center"> <tr> <td align="center"> <div id="rcorners"> <table cellpadding=" 0" cellspacing="0" width="800px" style="text-align:center"> <tr> <td align="center"> <img src="https://portal.ct.gov/-/media/TRB/Content/Applications/ASCCE/TRBLogo1.jpg" height="80" width="80" /> <div style="font-family:Arial; font-size:16pt; font-weight:bold">CT TEACHERS' RETIREMENT BOARD</div> <div style="font-family:Arial; font-size:13pt; height:30px">ADDITIONAL SERVICE CREDIT COST ESTIMATE</div> </td> </tr> <tr> <td colspan="2" style="height:20px"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" width="800px"> <tr valign="top"> <td> <table cellpadding="0" cellspacing="0" width="270px" class="xLabel"> <tr class="xTitle"> <td colspan="2">MEMBER INFORMATION</td> </tr> <tr><td colspan="2" class="xLine"> </td></tr> <tr> <td style="width:100px">Calculation Date:</td> <td class="xValue">«CALCULATION_DATE»</td> </tr> <tr> <td>Member Name:</td> <td class="xValue">«MEMBER_NAME»</td> </tr> <tr> <td>Member ID:</td> <td class="xValue">«MEMBER_ID»</td> </tr> <tr> <td>Member DOB:</td> <td class="xValue">«DOB»</td> </tr> </table> </td> <td width="10px" /> <td> <table cellpadding="0" cellspacing="0" width="220px" class="xLabel"> <tr class="xTitle"> <td colspan="2">SALARY</td> </tr> <tr><td colspan="2" class="xLine"> </td></tr> <tr> <td style="width:100px">Current:</td> <td class="xValue" style="width:120px">«CURRENT_SALARY»</td> </tr> <tr><td colspan="2" /></tr> <tr><td colspan="2" /></tr> </table> </td> <td width="10px" /> <td> <table cellpadding="0" cellspacing="0" width="290px" class="xLabel"> <tr class="xTitle"> <td colspan="3">SERVICE</td> </tr> <tr><td colspan="3" class="xLine"> </td></tr> <tr> <td /> <td align="center">Connecticut</td> <td align="center">Other</td> </tr> <tr style="text-decoration:underline"> <td /> <td align="center"> Service </td> <td align="center"> Service </td> </tr> <tr> <td style="width:100px">Earned Service:</td> <td align="center" class="xValue" style="width:90px">«CT_EARNED_SERVICE»</td> <td align="center" class="xValue" style="width:90px"></td> </tr> <tr> <td>Already Purchased:</td> <td align="center" class="xValue">«CT_PURCHASED_SERVICE»</td> <td align="center" class="xValue">«NONCT_PURCHASED_SERVICE»</td> </tr> <tr> <td>Service Purchasing:</td> <td align="center" class="xValue">«CT_PURCHASING_SERVICE»</td> <td align="center" class="xValue">«NONCT_PURCHASING_SERVICE»</td> </tr> </table> </td> </tr> <tr> <td style="height:30px"> </td> </tr> <tr valign="top"> <td colspan="5"> <table cellpadding="0" cellspacing="0" width="570px" class="xLabel"> <tr valign="bottom"> <td style="width:300px" class="xTitle">AGE</td> <td style="width:50px" class="xTitle" /> <td style="width:10px" /> <td style="width:100px" align="center" class="xTitle">CONNECTICUT SERVICE</td> <td style="width:10px" /> <td style="width:100px" align="center" class="xTitle">OTHER SERVICE</td> </tr> <tr> <td colspan="2" class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> </tr> <tr> <td>Age at Calculation:</td> <td class="xValue">«AGE_AT_CALCULATION»</td> <td /> <td class="xValue" align="center">«AGE_CT_SERVICE»</td> <td /> <td class="xValue" align="center">«AGE_OTHER_SERVICE»</td> </tr> <tr> <td>Earliest Unreduced Retirement Age (Before):</td> <td class="xValue">«BEFORE_RETIREMENT_AGE»</td> <td /> <td class="xValue" align="center">«BEFORE_CT_SERVICE»</td> <td /> <td class="xValue" align="center">«BEFORE_NONCT_SERVICE»</td> </tr> <tr> <td>Earliest Unreduced Retirement Age (After):</td> <td class="xValue">«AFTER_RETIREMENT_AGE»</td> <td /> <td class="xValue" align="center">«AFTER_CT_SERVICE»</td> <td /> <td class="xValue" align="center">«AFTER_NONCT_SERVICE»</td> </tr> </table> </td> </tr> <tr> <td style="height:30px"> </td> </tr> <tr valign="top"> <td colspan="5"> <table cellpadding="0" cellspacing="0" width="370px" class="xLabel"> <tr class="xTitle"> <td colspan="4">FACTORS</td> </tr> <tr><td colspan="4" class="xLine"> </td></tr> <tr valign="bottom"> <td style="width:150px" /> <td style="width:100px" align="right">Before</td> <td style="width:20px" /> <td style="width:100px" align="right">After</td> </tr> <tr> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> </tr> <tr> <td>Retirement Age</td> <td class="xValue" align="right">«RETIREMENT_AGE_BEFORE»</td> <td /> <td class="xValue" align="right">«RETIREMENT_AGE_AFTER»</td> </tr> <tr> <td>Factor @ Int(RA)</td> <td class="xValue" align="right">«FACTOR_INT_BEFORE»</td> <td /> <td class="xValue" align="right">«FACTOR_INT_AFTER»</td> </tr> <tr> <td>Factor @ Int(RA)+1</td> <td class="xValue" align="right">«FACTOR_INT_PLUS_BEFORE»</td> <td /> <td class="xValue" align="right">«FACTOR_INT_PLUS_AFTER»</td> </tr> <tr> <td>Interpolated Factor</td> <td class="xValue" align="right">«INTERPOLATED_FACTOR_BEFORE»</td> <td /> <td class="xValue" align="right">«INTERPOLATED_FACTOR_AFTER»</td> </tr> <tr> <td>Years Deferred</td> <td class="xValue" align="right">«YEARS_DEFERRED_BEFORE»</td> <td /> <td class="xValue" align="right">«YEARS_DEFERRED_AFTER»</td> </tr> <tr> <td>Discount Factor</td> <td class="xValue" align="right">«DISCOUNT_FACTOR_BEFORE»</td> <td /> <td class="xValue" align="right">«DISCOUNT_FACTOR_AFTER»</td> </tr> <tr> <td>Final Factor</td> <td class="xValue" align="right">«FINAL_FACTOR_BEFORE»</td> <td /> <td class="xValue" align="right">«FINAL_FACTOR_AFTER»</td> </tr> </table> </td> </tr> <tr> <td style="height:30px"> </td> </tr> <tr valign="top"> <td colspan="5"> <table cellpadding="0" cellspacing="0" width="610px" class="xLabel"> <tr class="xTitle"> <td colspan="8">CALCULATIONS</td> </tr> <tr><td colspan="8" class="xLine"> </td></tr> <tr valign="bottom"> <td style="width:150px" /> <td style="width:100px; text-align:center">Accrual %</td> <td style="width:20px" /> <td style="width:100px; text-align:right">Final Average<br />Earnings</td> <td style="width:20px" /> <td style="width:100px; text-align:right">Projected<br />Annual Benefit</td> <td style="width:20px" /> <td style="width:100px; text-align:right">Projected<br />Benefit Value</td> </tr> <tr> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> </tr> <tr> <td>Before Purchase</td> <td class="xValue" align="center">«ACCRUAL_BEFORE»</td> <td /> <td class="xValue" align="right">«FINAL_AVERAGE_EARNINGS_BEFORE»</td> <td /> <td class="xValue" align="right">«PROJECTED_ANNUAL_BENEFIT_BEFORE»</td> <td /> <td class="xValue" align="right">«PROJECTED_BENEFIT_VALUE_BEFORE»</td> </tr> <tr> <td>After Purchase</td> <td class="xValue" align="center">«ACCRUAL_AFTER»</td> <td /> <td class="xValue" align="right">«FINAL_AVERAGE_EARNINGS_AFTER»</td> <td /> <td class="xValue" align="right">«PROJECTED_ANNUAL_BENEFIT_AFTER»</td> <td /> <td class="xValue" align="right">«PROJECTED_BENEFIT_VALUE_AFTER»</td> </tr> <tr> <td colspan="7">Increased Benefit Value Due to Service Purchase</td> <td class="xValue" align="right">«INCREASED_BENEFIT_VALUE»</td> </tr> <tr> <td colspan="7" /> <td style="font-size:1pt; border-bottom-style:double; border-bottom-width:1pt; border-bottom-color:Black;border-top-style:double; border-top-width:1pt; border-top-color:Black"> </td> </tr> <tr> <td colspan="7" style="font-weight:bold;text-align:right">Member Cost to Purchase Service </td> <td class="xValueTotal" align="right">$ «MEMBER_COST»</td> </tr> </table> </td> </tr> <tr> <td style="height:30px"> </td> </tr> <tr> <td colspan="5"> <table cellpadding="0" cellspacing="0" width="800px" class="xLabel"> <tr class="xTitle"> <td colspan="6" style="">SERVICE PURCHASING</td> </tr> <tr><td colspan="6" class="xLine"> </td></tr> <tr class="xSubLabel"> <td width="40px" align="right">YEARS</td> <td width="10px" /> <td width="350px">CONNECTICUT SERVICE</td> <td width="40px" align="right">YEARS</td> <td width="10px" /> <td width="350px">NON-CONNECTICUT SERVICE</td> </tr> <tr valign="top"> <td class="xValueService" align="right"><div>«CONNECTICUT_SERVICE_YEARS»</div></td> <td /> <td class="xValueService"><div>«CONNECTICUT_SERVICE_DESC»</div></td> <td class="xValueService" align="right"><div>«NONCONNECTICUT_SERVICE_YEARS»</div></td> <td /> <td class="xValueService"><div>«NONCONNECTICUT_SERVICE_DESC»</div></td> </tr> </table> </td> </tr> <tr> <td style="height:30px"> </td> </tr> </table> <table border="1pt" cellpadding="0" cellspacing="0" width="800px" style="text-align:justify; vertical-align:bottom"> <tr> <td> <table cellpadding="8" cellspacing="0"> <tr> <td style="font-family:calibri; font-size:8pt; text-align:justify"> <label style="font-weight:bold">DISCLAIMER:</label><br /> <label>«DISCLAIMER»</label> </td> </tr> </table> </td> </tr> </table> <table cellpadding="0" cellspacing="0" width="800px" style="text-align:right; vertical-align:bottom"> <tr> <td style="height:20px; font-family:Arial; font-size:8pt; font-style:italic">ver «VERSION»</td> </tr> </table> </div> </td> </tr> </table> </body> </html>
