Compare Your Retirement
To help you appreciate just how good government pensions are, we created this innovative tool that allows you to enter the yearly pension you would like to have when you retire to see how much cash you will need to already have today and how much cash you will need to have when you are ready to retire to have the pension you desire. To put it in perspective, if all Ohioans received the yearly median pension paid to state workers, it would require a yearly tax of $123 billion and consume 26 percent of Ohio's Gross Domestic Product. As a comparison, we provide you with the actual median yearly pension each of the five pensions pay based on the pensions' 2010 Comprehensive Annual Financial Reports. We also provide you with how much those median yearly pensions will require and how much government workers will receive in total if they retire when first fully eligible and live to 78 years old. If a neighbor, friend, or family member works in government, feel free to use the salary data tools in the box above to see what her estimated pension will be (just use the appropriate salary tool and enter her name) and enter that figure into the pension comparison tool to see how much cash YOU would need to have to get a pension equal to your neighbor, friend, or family member. Enjoy!
Desired Yearly Pension: $ Your age today: