New York Teacher Pension Chart

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Less than 1/3 of workers in the United States will get a pension when they retire. With all its trials and tribulations one HUGE perk of teaching in New York is our pension.

During the 21st century pensions for newer teachers have been diluted somewhat but can still add up to $70,000 a year or more a year. For. The. Rest. Of. Your. Life.

You don’t have to be close to retirement to want to know what your pension will be. Perhaps you’re thinking of jumping ship at the 10-year mark, or you’re just having a bad day and need some encouragement to push through.

Whatever the reason I’ve got you covered:-)

New York City Teacher Pension Calculations

I’ve calculated New York City pensions for tiers 4, 5 and 6 based on how many years you’ll teach and at what age you plan to collect.

These numbers are based on NYC teacher salaries as of 2022. You can see the salary scale I used here.

If you’re not sure what tier you’re in here is the breakdown: If you started teaching after

  • September 1, 1983 you’re TIER 4
  • January 1, 2010 you’re TIER 5
  • April 1, 2012 you’re TIER 6

To find your final pension choose the age at which you plan to start collecting. Then follow across to your total years of service using the row for your tier.

As you can see, the longer you wait to collect the higher your pension will be. This is especially true for Tier 6 teachers; you must wait until 63 years of age to collect your full pension.

Tier 3’s cut-off (in order to not get “penalized”) is 30 years of service and 55 years old or 20 years or more and 62 years old.

New York State Teacher Calculations

Outside of New York City, every town has a different salary scale. This made it impossible for me to calculate your specific pension.

However, by following the conversion chart below and plugging the percentage into the handy-dandy calculator you too can figure out your pension:-)

The chart is laid out exactly the same as the New York City chart above.

On the chart below, Find the age you want to start collecting in the left-hand column, choose your tier and how many years you plan to teach. The number in the box is your multiplier (don’t forget the decimal point)


New York State Conversion Charts


The pensions calculated above are estimates, not your final exact dollar amount. But they’re close.

If you work per session in your last years it’s pensionable. The actual number used for pension calculations is the average of your last 3 highest years’ salary during your final 5 years of working.

Teach and Thrive

A Bronx, NY veteran high school social studies teacher who has learned most of what she has learned through trial and error and error and error.... and wants to save others that pain.

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