DEA incentive 2014-15
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Enter the appropriate numbers in the light green spaces
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Estimated Salary for Retirement Calculations
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Current Year
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Schedule A$67,236
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TRS Reportable Earnings Not on Schedule A
Year 1$0
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1$10,230$11,080Total Schedule BYear 2$0
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2$450Year 3$0
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3$400$78,316Total SalaryYear 4$78,316
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4$0
Average TRS Salary
$19,578.89
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5$0
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$0
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Year 1Total$0
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Prior Year$78,316Base Salary$78,316
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4% Regular Bonus (paid on all checks)$3,133School Yr$81,448Year 1$83,015
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2% Pay Up Bonus June (paid in June)$1,566Salary Increase $4,699
Average TRS Salary
$40,333
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$0
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Year 2TotalBase Salary$78,316
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Prior Year$83,015Year 1$83,015
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4% Regular Bonus (paid on all checks)$3,321school year$86,335Year 2$87,995
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2% Pay Up Bonus June (paid in June)$1,660Salary Increase $4,981
Average TRS Salary
$62,331
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Base Salary$78,316
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Year 3TotalYear 1$83,015
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Prior Year$86,335Year 2$87,995
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4% Regular Bonus (paid on all checks)$3,453New Salary$89,788Year 3$91,515
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2% Pay Up Bonus June (paid in June)$1,727Salary Increase $5,180
Average TRS Salary
$85,210
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Year 1$83,015
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Year 4TotalYear 2$87,995
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Prior Year$89,788Year 3$91,515
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4% Regular Bonus (paid on all checks)$3,592New Salary$93,380Year 4$95,176
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2% Pay Up Bonus June (paid in June)$1,796Salary Increase $5,387
Average TRS Salary
$89,425
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Estimated Service Credit$18,796
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$14,943
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Current Service Credit28Please note this information is provided for planning purposes only. The estimated benefit collectively bargained by the DEA and annuity calculations can be altered by many factors.
Among them are:
• The need to use sick leave
• Changes to State Law regulating pensions
• Whether or not you upgraded to the 2.2 formula
• A change in schedule B assignments
• More accurate data provided by TRS
• Dock days
You will also not be allowed to exceed the 6% increase limit over the previous year’s TRS creditable earnings
$10,360
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Sick Leave Credit (rounded to lowest full year)
2$5,387
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Total30$49,486
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Estimated Annuity
42
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Current Year
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Service Credit24
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2.2
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Service Multiplier0.528
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TRS Salary$19,578.89
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Estimated Annuity2.2/yr2.2/mo
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$10,338$861
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Year 1
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Service Credit25
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2.2
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Service Multiplier0.55
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TRS Salary$40,333
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Estimated Annuity2.2/yr2.2/mo
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$22,182.89$1,849
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Year 2
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Service Credit26
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2.2
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Service Multiplier0.572
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TRS Salary$62,331
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Estimated Annuity2.2/yr2.2/mo
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$35,653.54$2,971
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Year 3
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Service Credit33
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2.2
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Service Multiplier0.726
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TRS Salary$85,210
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Estimated Annuity2.2/yr2.2/mo
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$61,862.58$5,155
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Year 4
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Service Credit34
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2.2
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Service Multiplier0.748
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TRS Salary$89,425
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Estimated Annuity2.2/yr2.2/mo
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$66,890.06$5,574
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