¥Assume 30 years of service, age 63 at retirement and final salary of $6,000 per month. ¥ÒStandardÓ retirement benefit is almost 75% (=30 years times age factor of 2.5%) of final salary.

¥Pension = 75% * ($6,000 - $133) = $4,400.

¥Formula: Yrs * Age Factor *
(Highest Salary - $133)