MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions.com
MaxPensions Home
Pension Maximization
Retirement Income Examples
 
MaxPensions.com
Buy-Back of Pension Years
Sources
FAQ
Our Products and Services
MaxPensions.com
Kansas Public Employees
Retirement System (KPERS)
envelope Send this page to a friend
MaxPensions.com

KPERS Retirement Income Example (see your $$$$)

The examples below illustrate the value of the KPERS Maximum Monthly Benefit retirement income stream at several "Final Average Salary" levels, age of retiree/spouse combinations, and periods into retirement. They all represent large sums of income as they are received over the years of life expectancy.
And large sums to forfeit by not living to or through life expectancy!

Life Expectancy Value of
Annual Retirement Income--Maximum Monthly Benefit*
Age Of Retiree & Spouse Final Average Salary Pension Year 1 Pension Year 10 Pension Year 20 At Year of Life Expectancy Total Value at Life Expectancy
MaxPensions.com
55/55 $40,000 $21,000 $23,000 $25,400 $28,300 $750,000
55/60 $40,000 $21,000 $23,000 $25,400 $28,300 $750,000
60/55 $40,000 $21,000 $23,000 $25,400 $26,900 $620,000
 
55/55 $75,000 $39,400 $43,100 $47,600 $53,100 $1,410,000
55/60 $75,000 $39,400 $43,100 $47,600 $53,100 $1,410,000
60/55 $75,000 $39,400 $43,100 $47,600 $50,5000 $1,160,000
 
55/55 $100,000 $52,500 $57,400 $63,400 $70,800 $1,875,000
55/60 $100,000 $52,500 $57,400 $63,400 $70,800 $1,875,000
60/55 $100,000 $52,500 $57,400 $63,400 $67,300 $1,550,000
 
* Source: Kansas Public Employee Retirement System website
Note: Age of spouse affects the retirement income amounts paid in KPERS Joint and Survivor Options.
30 years of service and 1% COLA's assumed

The Pension Maximization Plan Advantage

If your personal, lifestyle, and financial objectives align positively with the What Is Important To You section, then this table approximates the advantage your own PenMax Plan may have over the KPERS Joint & Survivor Options. KPERS ceases Maximum Monthly Benefit retirement payments to the retiree at his death, and likewise, ceases all J & S retirement payments upon the death of the survivor (retiree/spouse).

However, it is likely that under your Pension Maximization Plan there would still be a large sum which could be used to benefit whomever you wish. The approximate range of value is shown in the columns titled "PenMax Advantage" below.

It is this amount that may be "left on the table" simply by ignoring the opportunity, or being unable to qualify for it.

How Large is the Pension Maximization Plan Advantage?
KPERS, or KPERS and PenMax Plan
Age Of Retiree & Spouse Final Average Salary Max Monthly Benefit* J & S 100% Monthly Income* The PenMax Advantage at Life Expectancy (Approximately)
MaxPensions.com
55/55 $40,000 $1,750 $1,450 $230,000 to $265,000
55/60 $40,000 $1,750 $1,500 $240,000 to $260,000
60/55 $40,000 $1,750 $1,400 $215,000 to $240,000
 
55/55 $75,000 $3,280 $2,720 $325,000 to $375,000
55/60 $75,000 $3,280 $2,820 $360,000 to $410,000
60/55 $75,000 $3,280 $2,580 $235,000 to $280,000
 
55/55 $100,000 $4,380 $3,630 $420,000 to $525,000
55/60 $100,000 $4,380 $3,760 $460,000 to $530,000
60/55 $100,000 $4,380 $3,500 $270,000 to $380,000
 
* Source: Kansas Public Employees Retirement System (KPERS) website
Note: Age of spouse affects the retirement income amounts paid in KPERS Options 2 - 4.
30 years of service and 1% COLA's assumed
 
 
 
MaxPensions.com
MaxPensions.com
MaxPensions.com
Home | Pension Maximization | Select Your Pension Plan | Buy-Back of Pension Years | What Others Say | FAQ | Products & Services | Contact Us | About Us
MaxPensions.com
MaxPensions.com
Great effort has been made to assure accuracy of the representations on these pages. It is possible that there may be technical inaccuracies or typographical errors. Improvements, updates, and changes in the materials contained herein or described on this site may be made at any time without notice. Product availability and benefits are subject to various state licensing and regulatory authorities.
 
Copyright © 2004 MaxPensions.com. All rights reserved.
MaxPensions.com