Nevada PERS Retirement Calculator
Estimate your Public Employees' Retirement System of Nevada pension. Choose Regular or Police/Fire and your enrollment date, and see the monthly allowance, any early retirement cut, and how post-retirement increases add up.
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The service time factor depends on when you joined
Nevada PERS multiplies your average compensation, the highest 36 consecutive months of pay, by a factor for each year of service. NRS 286.551 sets the factor by your effective date of membership:
Joined before Jan. 1, 2010: 2.5% per year before July 1, 2001, 2.67% per year after
Police/Fire, joined on or after Jan. 1, 2010: 2.5%
Regular, joined Jan. 1, 2010 to June 30, 2015: 2.5%
Regular, joined on or after July 1, 2015: 2.25%
NVPERS's own example: 23 years before July 2001 and 2 after, on $2,800 a month, is 57.5% + 5.34% = 62.84%, or $1,760 a month. A regular member who joined in 2016 with 25 years on the same pay gets 56.25%, $1,575.
The 75% cap
Anyone who joined on or after July 1, 1985, regular or police/fire, maxes out at 75% of average compensation. Service credit stops counting at 30 years, or 33 1/3 for regular members who joined on or after July 1, 2015. Members who joined before July 1, 1985 can reach 90% with up to 36 years.
When you can retire
Regular members who joined before 2010 can retire unreduced at 65 with 5 years, 60 with 10, or any age with 30. Those who joined from 2010 to June 2015: 65 with 5, 62 with 10, or any age with 30. Those who joined July 2015 or later: 65 with 5, 62 with 10, 55 with 30, or any age with 33 1/3, and purchased service doesn't count toward these thresholds except in a family medical emergency.
Police and firefighters who joined before 2010 can retire at 65 with 5 years, 55 with 10, 50 with 20, or any age with 25. Those who joined on or after Jan. 1, 2010: 65 with 5, 60 with 10, or 50 with 20.
Early retirement
If you have the service for one of those ages but not the age, you can retire anyway with a permanent cut to that age. Members who joined before 2010 lose 4% per full year plus 0.33% per extra month. Members who joined later lose 6% a year plus 0.5% a month. NVPERS's example: a $1,400 allowance taken 12 months early under the 4% rule becomes $1,344. A regular member who joined in 2016 and leaves at 59 with 20 years is 3 years short of 62 and loses 18%.
Post-retirement increases
Increases start after the 3rd anniversary of retirement and compound. For members who joined before 2010, they step from 2% to 3% after the 6th anniversary, 3.5% after the 9th, 4% after the 12th and 5% after the 14th. Members who joined from 2010 to June 2015 follow the same steps but top out at 4%. Both schedules are limited to the 3-year average CPI, unless your benefit has fallen behind inflation since you retired. Members who joined July 2015 or later get 2% for three years, 2.5% for three years, then the lesser of 3% or CPI.
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Frequently asked questions
How is a Nevada PERS pension calculated?
Average compensation (your highest 36 consecutive months) times a service time factor. Members who joined before Jan. 1, 2010 get 2.5% for each year before July 1, 2001 and 2.67% for each year after. Police/fire members who joined on or after Jan. 1, 2010, and regular members who joined Jan. 1, 2010 to June 30, 2015, get 2.5%. Regular members who joined on or after July 1, 2015 get 2.25%. NVPERS's example: 23 years before July 2001 and 2 after, on $2,800 a month, is 62.84%, or $1,760 a month.
What is the maximum Nevada PERS benefit?
75% of average compensation for anyone who joined on or after July 1, 1985, regular or police/fire. Service credit stops counting at 30 years (33 1/3 for regular members who joined on or after July 1, 2015). Members who joined before July 1, 1985 can reach 90%, with credit ending at 36 years.
When can regular members retire?
Joined before 2010: 65 with 5 years, 60 with 10, or any age with 30. Joined 2010 to June 2015: 65 with 5, 62 with 10, or any age with 30. Joined July 2015 or later: 65 with 5, 62 with 10, 55 with 30, or any age with 33 1/3. For the 2015 group, purchased service doesn't count toward these thresholds except in a family medical emergency.
When can police and firefighters retire?
Joined before 2010: 65 with 5 years, 55 with 10, 50 with 20, or any age with 25. Joined on or after Jan. 1, 2010: 65 with 5, 60 with 10, or 50 with 20.
How does early retirement work?
If you have the service for a retirement age but not the age, you can retire at any age with a permanent reduction to that age. Members who joined before 2010 lose 4% for each full year plus 0.33% for each extra month. Later members lose 6% a year plus 0.5% a month. A regular member who joined in 2016 and leaves at 59 with 20 years is 3 years short of 62, an 18% cut.
How do Nevada PERS post-retirement increases work?
They start after the 3rd anniversary of retirement and compound. Joined before 2010: 2%, then 3% after the 6th anniversary, 3.5% after the 9th, 4% after the 12th and 5% after the 14th. Joined 2010 to June 2015: the same steps but topping out at 4%. Both are capped by the 3-year average CPI unless your benefit has fallen behind inflation. Joined July 2015 or later: 2% for three years, 2.5% for three years, then the lesser of 3% or CPI.