Check with TRFEstimate only, not an official benefit amount. Confirm with TRF (844-464-6777) before you decide.
Your estimated monthly pension
Fill in the form and we'll show your TRF pension, the date it's unreduced, the early-retirement cut, and what working longer would add.
Your road to a full pension
Retire as planned, or work longer?
Your pension at every age
The handbook's own examples
- The worksheet: $50,000 × 1.1% = $550, × 30 years = $16,500 a year, $1,375 a month (Five-Year Certain and Life). Hybrid Handbook p. 29, §7 Pension Benefits; p. 30, §7.4 Table 1 Pension Benefit Calculation Worksheet Example
- The Rule of 85: 55 years 3 months old with 29 years 9 months of service adds up to 85, so the pension is full. Hybrid Handbook p. 29, §7.1 NOTE
- Retiring early at 55 with 20 years on the same $50,000: 69% of $916.67 = $632.50 a month, for life. Hybrid Handbook pp. 32-33, §7.9 Retirement Age / Percent of Pension Benefit
Your DC account is extraA TRF Hybrid benefit has two parts: a defined benefit (DB, the monthly pension, funded by employers and the State) and a defined contribution (DC) account, formerly called the annuity savings account (ASA), funded by the 3% mandatory contribution plus any voluntary contributions and investment gains or losses. The calculator shows the pension only. How the two parts work. Hybrid Handbook p. 5, §1.1; p. 29, §7 Pension Benefits
Other payment options Check with INPRS
INPRS doesn't publish how much each payment option changes your check. Straight Life pays more than Five-Year Certain and Life, and the survivor options pay less.
We show the Five-Year Certain and Life amount only. For the other options, use INPRS's calculator at myINPRSretirement.org.
Hybrid Handbook pp. 30-31, §7.4; pp. 35-36, §7.12Common questions
How is a TRF pension calculated?
Your yearly pension is your final average salary (the average of your 5 highest years of pay) × 1.1% × your years of service. Divide by 12 for the monthly amount. For example, $50,000 × 1.1% × 30 years = $16,500 a year, or $1,375 a month.
When can I retire with a full TRF pension?
At 65 with 10 years of service, at 60 with 15 years, or at 55 or older when your age plus your years of service add up to 85 (the Rule of 85).
How much does retiring early cost?
You can retire at 50 to 59 with 15 years. You keep 89% of your pension at 59, down 5 points a year to 44% at 50, for life.
Does this include my DC account (the old ASA)?
No. The calculator estimates the pension only. Your DC account holds your 3% contributions and any extra you put in, plus investment gains or losses. It's paid on top of the pension, and you choose how to take it when you retire.
Do TRF pensions get a COLA?
Not automatically. The Indiana General Assembly has to grant one. In recent years it has granted one-time 13th checks instead, based on your years of service.
Is this the official INPRS calculator?
No. This is an unofficial estimate built from INPRS's TRF handbook and reports. It isn't affiliated with INPRS. INPRS's own calculator is at myINPRSretirement.org, and INPRS decides your benefit. Its phone number is 844-464-6777.
Compare Indiana with other states
- States where teachers don't get Social Security: The TRF handbook mentions Social Security tax on your pay but never says outright that TRF jobs are covered.
- Teacher DROP plans by state: No. TRF has no DROP. At 65 with 20 years, Millie Morgan retirement lets you start your pension and keep working in your TRF job.
- Teacher pension COLAs by state: No automatic COLA. One comes only if the General Assembly passes it and it's funded. Lawmakers sometimes grant a one-time 13th check.
- State taxes on teacher pensions, by state
- Teacher pension multipliers by state: 1.1% × years of service × average of your 5 highest years of pay (they don't have to be in a row).
- Teacher retirement age by state: Age 65 with 10 years, 60 with 15, or the Rule of 85 (age + years = 85, from age 55).
Plain-English guides
How your pension works
Hybrid or My Choice?The TRF Pension and Annuity Savings plan vs TRF My Choice, your DC account, and Pre-'96 vs '96.→The pension formulaFinal average salary × 1.1% × years of service, with the handbook's worked example and the $185 minimum.→Normal or early retirement65 with 10, 60 with 15, the Rule of 85, and the early table from 89% at 59 to 44% at 50.→Buying service creditAirtime, out-of-state, military and other service, and what each year adds.→Indiana TRF glossaryPlain-English definitions of the TRF and INPRS terms you'll run into.→
Planning your exit
Leaving teaching10-year vesting, starting your pension later, and taking or rolling over your DC account.→Taxes on your TRF benefitsWhat INPRS says about tax on the pension and DC account, withholding and RMDs.→Social Security and TRFThe Social Security Integration option, and what the sources don't say.→
After you retire
Working after retirementThe 30-day break, no earnings limit, second retirements and Millie Morgan. There's no DROP.→COLAs and 13th checksNo automatic COLA; the 13th checks the General Assembly has passed, by years of service.→Retiree health insuranceINPRS's Medicare supplement plan, who can join, and paying from your pension.→Survivor and disability benefitsWhat your family receives before and after you retire, and disability.→
More calculators
About this site
TRF has no DROP. (INPRS's 1977 Police and Fire Fund has one.) The in-service options are Millie Morgan (65 with 20 years) and the elected-official retirement. These pages cover teachers in the TRF Hybrid Plan. Public employees in PERF and other INPRS funds have their own rules that we don't model.
Source: Teachers' Retirement Fund Hybrid Plan Member Handbook, Effective 07/01/2025, pp. 5, 6, 11-12, 11, 29, 30, 32, 32-33, 36-38, 44. Also: TRF Hybrid At A Glance p. PDF 1. Last reviewed .