1. Go to the Application and Calculators 2. Click the TRF Pension tab 3. Select the Calculator Estimate Retirement Benefit. 4. Enter a retirement date. 5. Click Apply Projected Retirement Date. 6. Answer the questions on beneficiary and social security. 7. Click Calculate. The results will be an estimate of your monthly pension benefit broken down by the selected options. Option 2 (Social Security Integration) Using one of the available calculator features or the worksheet above, calculate an estimate with the information from your latest Social Security statement. To qualify for this Social Security Integration (SSI) payment option, you must be less than age 62 at retirement and you must enter your estimated Social Security monthly payment amount that Social Security shows for you at age 62. Depending upon your estimated Social Security payment, pension benefit payments will be greatly reduced or terminated at age 62. 7.5 Final Average Earnings Calculation Final average earnings (FAE) refer to the highest 5 years of compensation in a TRF Hybrid covered position. The 5 years do not have to be continuous. The items included in this calculation are:  All your compensation reported as gross income on a W-2 for covered employment in a TRF/PERF Hybrid covered position.  Pre-tax contributions paid to the Fund by your employer.  Amounts deferred under sections 125, 403(b), or 457 of the IRC.  Amounts that would have been paid when you were on an unpaid leave of absence while serving in an elected position.  Compensation paid in contemplation of your retirement (severance pay), up to $2,000, including any employer-paid mandatory contributions paid before you cease employment.  Compensation paid as part of a legal settlement or for back-pay that will be allocated to the year in which the compensation was earned or would have been earned.  Differential wage payments if you were on active military duty on or after January 1, 2009. Compensation from multiple employers is totaled if you receive annual compensation from two or more participating employers and:  You and each employer made all required contributions to the Fund.  You served in at least one position that normally required more than 600 hours of service during the year. 7.6 Regular Retirement without Employer Separation (Active, In Service) If you are a TRF Hybrid member no longer working in a TRF/PERF Hybrid covered position but still actively working with the same employer in a non PERF/TRF Hybrid covered position, you may be eligible to retire from TRF/PERF Hybrid and begin receiving a pension benefit if you are otherwise eligible for retirement and have reached normal retirement age. The in-service retirement age is the same as the regular retirement ages for all plans employing the Rule of 85 (35 IAC 1.2-1-4). See section 7.1 for more details. Teachers' Retirement Fund Hybrid Plan Member Page 31 of 47 Handbook Effective: 07/01/2024