DISCLAIMER
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Connecticut Service
Enter the amount of Connecticut service to purchase:
Wartime Military Service
Previous Leave of Absence
Substitute Teaching
Part-time Service (less than 50%)
Part-time Lecturer
Other Service
Enter the amount of other service to purchase:
Peacetime Military Service
Military Dependents School
Outside State Teaching
State of CT Employment – Non Teaching
Elected Official
Federal Teacher Corps
Peace Corps
Social Work Assistant in a Public School
VISTA
State Education Resource Center Teaching (SERC)
Special Teaching Service
A
DDITIONAL
S
ERVICE
C
REDIT
C
OST
E
STIMATOR
Must use first day of the month
Calculation Date:
Member DOB:
Highest Annual Salary:
Earned Service:
Date Vested:
CT
OTHER
Already Purchased:
Service Purchasing:
Member's Cost of Service Purchase
ver
<!-- ********************************** --> <!-- THIS IS THE CALCULATION SHEET PAGE --> <!-- ********************************** --> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <title>ADDITIONAL SERVICE CREDIT COST ESTIMATE</title> <style> .xTitle { font-family: Calibri; font-size: 11pt; font-weight: bold; background-color: lightgray; text-align: center; line-height:1; } .xValue { font-family: 'Courier New'; font-size: 11pt; font-weight:bold; text-align:right; vertical-align:top; } .xValue1 { font-family: 'Arial Narrow'; font-size: 10pt; text-align: left; vertical-align: top; } .xLabel { font-family: Calibri; font-size: 11pt; border-color: lightslategray; border-width: 1px; border-style: solid; padding: 3px; } .xLine { background-color: darkgrey; line-height: .2; } .xNoLine { line-height: .2; } .xSubTitle { line-height: 1; font-size: 10pt; font-style: italic; text-align: right; vertical-align: bottom; text-transform: uppercase; } .xValueTotal.before { content: '$'; } .xValueTotal{ font-size:15pt; padding:0 20px 0 0; font-weight:bold; } .xValueTotalLabel { font-size: 13pt; padding: 0 20px 30px 0; vertical-align: bottom; font-weight: bold; } .xDisclaimerTitle { color: red; font-weight: bold; font-size: 10pt; font-family: arial; } .xDisclaimer { font-family: calibri; font-size: 10pt; text-align: justify; line-height: 1; padding-top: 40px; } .xFooter { position: fixed; left: 0; bottom: 0; width: 100%; color: white; text-align: center; font-size:9pt; font-family:Arial; } </style> </head> <body style="margin:20px" background="https://portal.ct.gov/-/media/TRB/Content/Applications/ASCCE/Background-new.bmp" class="xLabels"> <table cellpadding=" 0" cellspacing="0" width="720px" height="100%" align="center" style="background-color:white;"> <tr> <td align="center" valign="top"> <div id="rcorners"> <table cellpadding=" 0" cellspacing="0" style="text-align:center"> <tr> <td align="left" style="padding:10px 30px 30px 5px;"> <img src="https://portal.ct.gov/-/media/TRB/Content/Applications/ASCCE/TRBLogo1.jpg" height="100px" width="100px" /> </td> <!-- <div style="font-family:Arial; font-size:10pt;font-weight:bold ">CT TEACHERS' RETIREMENT BOARD</div> <div style="font-family:Arial; font-size:9pt; "> 165 Capitol Avenue, Hartford, CT 06106<br />Toll-Free (800)504-1102 Local (959)867-6333 Fax (860)525-6018 www.ct.gov/trb<br /><i> “An Affirmative Action/Equal Opportunity Employer” </i> </div> --> <td align="right" valign="middle"> <div style="font-family: Rockwell; font-size: 21pt; height: 20px; font-weight: bold; vertical-align: bottom; padding-bottom: 35px;text-align:center;line-height:.9">ADDITIONAL SERVICE CREDIT<br/>COST ESTIMATE</div><br/> <label class="xValueTotalLabel">Member Cost to Purchase Service</label><label class="xValueTotal">$ «MEMBER_COST»</label> </td> </tr> </table> <table cellpadding="0" cellspacing="0" width="620px"> <tr valign="top"> <td> <table cellpadding="0" cellspacing="0" width="250px" class="xLabel"> <tr class="xTitle"> <td colspan="4">MEMBER INFORMATION</td> </tr> <tr><td colspan="4" class="xLine"> </td></tr> <tr> <td style="width:160px">Calculation Date</td> <td colspan="3" class="xValue">«CALCULATION_DATE»</td> </tr> <tr> <td>Member DOB</td> <td colspan="3" class="xValue">«DOB»</td> </tr> <tr> <td style="padding-bottom:5px">Highest Salary</td> <td colspan="3" class="xValue">«CURRENT_SALARY»</td> </tr> <tr class="xSubTitle"> <td /> <td>CT</td> <td /> <td>OTHER</td> </tr> <tr> <td /> <td class="xLine"> </td> <td class="xNoLine"> </td> <td class="xLine"> </td> </tr> <tr> <td style="width:120px">Earned Service</td> <td align="center" class="xValue" style="width:65px">«CT_EARNED_SERVICE»</td> <td /> <td align="center" class="xValue" style="width:65px"></td> </tr> <tr> <td>Service Purchased</td> <td align="center" class="xValue">«CT_PURCHASED_SERVICE»</td> <td /> <td align="center" class="xValue">«NONCT_PURCHASED_SERVICE»</td> </tr> <tr> <td>Service Purchasing</td> <td align="center" class="xValue">«CT_PURCHASING_SERVICE»</td> <td /> <td align="center" class="xValue">«NONCT_PURCHASING_SERVICE»</td> </tr> </table> </td> <td style="padding-left:10px"> <table cellpadding="0" cellspacing="0" width="100%" class="xLabel"> <tr class="xTitle"> <td colspan="6">EARLIEST UNREDUCED RETIREMENT AGE</td> </tr> <tr><td colspan="4" class="xLine"> </td></tr> <tr class="xSubTitle"> <td style="width:120px" /> <td style="width:50px">AGE</td> <td /> <td style="width:100px">CT SERVICE</td> <td /> <td style="width:100px">OTHER SERVICE</td> </tr> <tr> <td /> <td class="xLine"> </td> <td class="xNoLine"> </td> <td class="xLine"> </td> <td class="xNoLine"> </td> <td class="xLine"> </td> </tr> <tr> <td>Age at Calculation</td> <td class="xValue" align="center">«AGE_AT_CALCULATION»</td> <td /> <td class="xValue" align="center">«AGE_CT_SERVICE»</td> <td /> <td class="xValue" align="center">«AGE_OTHER_SERVICE»</td> </tr> <tr> <td>Before</td> <td class="xValue">«BEFORE_RETIREMENT_AGE»</td> <td /> <td class="xValue" align="center">«BEFORE_CT_SERVICE»</td> <td /> <td class="xValue" align="center">«BEFORE_NONCT_SERVICE»</td> </tr> <tr> <td>After</td> <td class="xValue">«AFTER_RETIREMENT_AGE»</td> <td /> <td class="xValue" align="center">«AFTER_CT_SERVICE»</td> <td /> <td class="xValue" align="center">«AFTER_NONCT_SERVICE»</td> </tr> </table> </td> </tr> <tr> <td style="height:2px"> </td> </tr> <tr valign="top"> <td colspan="2"> <table cellpadding="0" cellspacing="0" width="370px" class="xLabel"> <tr class="xTitle"> <td colspan="4">FACTORS</td> </tr> <tr><td colspan="4" class="xLine"> </td></tr> <tr class="xSubTitle"> <td style="width:150px" /> <td style="width:100px" align="right">BEFORE</td> <td style="width:20px" /> <td style="width:100px" align="right">AFTER</td> </tr> <tr> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> </tr> <tr> <td>Retirement Age</td> <td class="xValue" align="right">«RETIREMENT_AGE_BEFORE»</td> <td /> <td class="xValue" align="right">«RETIREMENT_AGE_AFTER»</td> </tr> <tr> <td>Factor @ Int(RA)</td> <td class="xValue" align="right">«FACTOR_INT_BEFORE»</td> <td /> <td class="xValue" align="right">«FACTOR_INT_AFTER»</td> </tr> <tr> <td>Factor @ Int(RA)+1</td> <td class="xValue" align="right">«FACTOR_INT_PLUS_BEFORE»</td> <td /> <td class="xValue" align="right">«FACTOR_INT_PLUS_AFTER»</td> </tr> <tr> <td>Interpolated Factor</td> <td class="xValue" align="right">«INTERPOLATED_FACTOR_BEFORE»</td> <td /> <td class="xValue" align="right">«INTERPOLATED_FACTOR_AFTER»</td> </tr> <tr> <td>Years Deferred</td> <td class="xValue" align="right">«YEARS_DEFERRED_BEFORE»</td> <td /> <td class="xValue" align="right">«YEARS_DEFERRED_AFTER»</td> </tr> <tr> <td>Discount Factor</td> <td class="xValue" align="right">«DISCOUNT_FACTOR_BEFORE»</td> <td /> <td class="xValue" align="right">«DISCOUNT_FACTOR_AFTER»</td> </tr> <tr> <td>Final Factor</td> <td class="xValue" align="right">«FINAL_FACTOR_BEFORE»</td> <td /> <td class="xValue" align="right">«FINAL_FACTOR_AFTER»</td> </tr> </table> </td> </tr> <tr> <td colspan="2" style="height:2px"> </td> </tr> <tr valign="top"> <td colspan="2"> <table cellpadding="0" cellspacing="0" width="100%" class="xLabel"> <tr class="xTitle"> <td colspan="8">CALCULATIONS</td> </tr> <tr><td colspan="8" class="xLine"> </td></tr> <tr valign="bottom"> <td style="width:160px" /> <td style="width:100px" class="xSubTitle">Accrual %</td> <td style="width:20px" /> <td style="width: 100px" class="xSubTitle">Final Average<br />Earnings</td> <td style="width:20px" /> <td style="width: 100px" class="xSubTitle">Projected<br />Annual Benefit</td> <td style="width:20px" /> <td style="width: 100px" class="xSubTitle">Projected<br />Benefit Value</td> </tr> <tr> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> </tr> <tr> <td>Before Purchase</td> <td class="xValue" align="center">«ACCRUAL_BEFORE»</td> <td /> <td class="xValue" align="right">«FINAL_AVERAGE_EARNINGS_BEFORE»</td> <td /> <td class="xValue" align="right">«PROJECTED_ANNUAL_BENEFIT_BEFORE»</td> <td /> <td class="xValue" align="right">«PROJECTED_BENEFIT_VALUE_BEFORE»</td> </tr> <tr> <td>After Purchase</td> <td class="xValue" align="center">«ACCRUAL_AFTER»</td> <td /> <td class="xValue" align="right">«FINAL_AVERAGE_EARNINGS_AFTER»</td> <td /> <td class="xValue" align="right">«PROJECTED_ANNUAL_BENEFIT_AFTER»</td> <td /> <td class="xValue" align="right">«PROJECTED_BENEFIT_VALUE_AFTER»</td> </tr> <tr> <td colspan="7">Increased Benefit Value Due to Service Purchase</td> <td class="xValue" align="right">«INCREASED_BENEFIT_VALUE»</td> </tr> <tr> <td colspan="7" /> <td style="font-size:1pt; border-bottom-style:double; border-bottom-width:1pt; border-bottom-color:Black;border-top-style:double; border-top-width:1pt; border-top-color:Black"> </td> </tr> <tr> <td colspan="7" style="text-align: right;">Service Cost </td> <td class="xValue" align="right">$ «SERVICE_COST»</td> </tr> </table> </td> </tr> <tr> <td colspan="2" style="height:2px"> </td> </tr> <tr> <td colspan="2"> <table cellpadding="0" cellspacing="0" width="100%" class="xLabel"> <tr class="xTitle"> <td colspan="7" style="">SERVICE PURCHASING</td> </tr> <tr><td colspan="7" class="xLine"> </td></tr> <tr class="xSubTitle"> <td width="40px" align="center">YEARS</td> <td> </td> <td align="left" width="260px">CONNECTICUT SERVICE</td> <td width="20px"> </td> <td width="40px" align="center">YEARS</td> <td> </td> <td align="left" width="260px">NON-CONNECTICUT SERVICE</td> </tr> <tr> <td class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> <td /> <td class="xLine"> </td> </tr> <tr class="xValue1"> <td align="center"><div>«CONNECTICUT_SERVICE_YEARS»</div></td> <td /> <td><div>«CONNECTICUT_SERVICE_DESC»</div></td> <td /> <td align="center"><div>«NONCONNECTICUT_SERVICE_YEARS»</div></td> <td /> <td><div>«NONCONNECTICUT_SERVICE_DESC»</div></td> </tr> </table> </td> </tr> <!-- <tr> <td colspan="2" class="xDisclaimer"> <label class="xDisclaimerTitle">DISCLAIMER:</label><br /> <label>«DISCLAIMER»</label> </td> </tr> --> <tr> <td colspan="2" class="xFooter">ver «VERSION»</td> </tr> </table> </div> </td> </tr> </table> </body> </html>
