Explore More ยท How Much Will I Get?
Can I Estimate My Pension Myself?
Roughly, yes โ the formula behind your pension is simpler than most people expect. It won't be your exact number, but it'll get you in the right neighborhood in about ten seconds.
๐ฌ GLP Retirement MinuteNot your current salary โ this is the average of your highest-earning consecutive years. MIP members: highest 3 years. Basic Plan members: highest 5 years. Not sure? Check miAccount.
1.5% (most common)
1.25% (reduced)
Most members use 1.5%. If you're not sure which applies to you, your annual statement or miAccount will confirm it.
Your Rough Estimate
$0
Estimated annual pension
$0
Estimated monthly pension
โ What this number doesn't include
- The exact FAC averaging period for your specific plan (3 vs. 5 years can meaningfully change your real FAC)
- If you're on Pension Plus or Pension Plus 2, this only estimates your smaller pension slice โ it doesn't include your separate savings account at all
- Any reduction for early retirement, or for choosing a survivor payment option
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For your real number
Use ORS's official pension estimator, or log into miAccount โ both account for your exact plan rules, something this quick estimate can't do.