Updated October 30, 2026. Quick answer: Nevada PERS pays a regular member an allowance of the average of the 36 consecutive highest months of pay times a percentage for each year of service, and the percentage depends on when the member joined: 2.5% a year before July 1, 2001 and 2.67% after for a member who joined before 2010, 2.5% for a member who joined from 2010 to mid-2015, and 2.25% for a member who joined on or after July 1, 2015. Computed for 25 years (10 of them before July 1, 2001) and a $72,000 average, a member who joined before 2010 gets $46,836 a year (computed) at age 60. The allowance stops at 75% of the average, and the calculator applies it. Enter your own numbers below.
Calculate your PERS allowance
This page applies the service retirement allowance in the Nevada Revised Statutes to your membership date, service, age and average pay. It runs on this page and sends nothing anywhere. It covers regular members only; police officers and firefighters have their own ages and are not modelled. A member who joined before July 1, 1985 has a different maximum and is not modelled either. Enter your service as credited, whole years and months.
For a decision, use PERS itself: the system publishes the same formula and prices a retirement date for a member who asks, at nvpers.org. This page is the statute, shown so you can see the arithmetic.
The formula, as the statute prints it
NRS 286.551 sets the rate by membership date. For a member with an effective date of membership before January 1, 2010, the allowance “must be determined by multiplying the member’s average compensation by 2.5 percent for each year of service earned before July 1, 2001, and 2.67 percent for each year of service earned on or after July 1, 2001”. For a member who joined “on or after January 1, 2010, and before July 1, 2015, a monthly service retirement allowance must be determined by multiplying the member’s average compensation by 2.5 percent for each year of service earned”. For a member who joined “on or after July 1, 2015, a monthly service retirement allowance must be determined by multiplying the member’s average compensation by 2.25 percent for each year of service earned”.
Average compensation “means the average of a member’s 36 consecutive months of highest compensation as certified by the public employer”. The calculator asks for it as a yearly amount (12 times the monthly figure). For a member who joined on or after January 1, 2010 the statute adds a limit on how fast the pay can rise inside the averaging window: “the following limits must be observed when calculating the member’s average compensation based on a 60-month period”. The calculator does not apply those limits; enter the average PERS certifies.
The ceiling is 75% of the average for a regular member who joined on or after July 1, 1985: such a member “is entitled to a benefit of not more than 75 percent of the member’s average compensation”, with service credit ceasing at 30 years for a member who joined before July 1, 2015 and at 33 1/3 years after.
Worked example, calculated for a member who joined before 2010 with 25 years of service, 10 of them before July 1, 2001, and a $72,000 average: 10 x 2.5% + 15 x 2.67% = 25% + 40.05% = 65.05% of $72,000 = $46,836 a year (computed), $3,903 a month (computed). For a member who joined on or after July 1, 2015 with the same 25 years, 25 x 2.25% = 56.25% of $72,000 = $40,500 a year (computed) before any reduction. For a member who joined from 2010 to mid-2015 with 32 years, 32 x 2.5% = 80% would exceed the ceiling, so the allowance is held at 75% of $72,000 = $54,000 a year (computed).
When the allowance is not reduced
NRS 286.510 sets the ages by membership date. A regular member who joined before 2010 “is eligible to retire at age 65 if the member has at least 5 years of service, at age 60 if the member has at least 10 years of service and at any age if the member has at least 30 years of service”. For a member who joined from 2010 to mid-2015 the statute says “at age 65 if the member has at least 5 years of service, at age 62 if the member has at least 10 years of service and at any age if the member has at least 30 years of service”. For a member who joined on or after July 1, 2015: “at age 65 if the member has at least 5 years of service, at age 62 if the member has at least 10 years of service, at age 55 if the member has at least 30 years of service and at any age if the member has at least 33 1/3 years of service”. Purchased service is limited for the 2015 group, so enter only service that counts toward those tests.
Retiring before the age: the reduction, computed
A member who has the service but not the age “may retire at any age with a benefit actuarially reduced to the required retirement age”. For a member who joined before 2010 the benefit is reduced “by 4 percent of the unmodified benefit for each full year that the member is under the appropriate retirement age, and an additional 0.33 percent for each additional month that the member is under the appropriate retirement age”. For a member who joined in 2010 or later it is reduced “by 6 percent of the unmodified benefit for each full year that the member is under the appropriate retirement age, and an additional 0.5 percent for each additional month that the member is under the appropriate retirement age”.
Worked example, calculated for the 2015-or-later member above, 25 years and a $72,000 average, retiring at 60. The service meets the age-62 test, so age 60 is 24 months under: 2 full years x 6% = 12%. The allowance is $40,500 x (100% minus 12%) = $35,640 a year (computed), $2,970 a month (computed). For the member who joined before 2010 with the 25 years above (10 of them before July 1, 2001), retiring at 58 years and 7 months is 17 months under age 60: 1 full year x 4% + 5 months x 0.33% = 5.65%, and the allowance is $46,836 x (100% minus 5.65%) = $44,189.77 a year (computed), $3,682.48 a month (computed).
| Age at retirement | Months under 62 | Reduction | Annual allowance | Monthly allowance |
|---|---|---|---|---|
| 55 | 84 | 42.0% | $23,490 (computed) | $1,957.50 (computed) |
| 56 | 72 | 36.0% | $25,920 (computed) | $2,160 (computed) |
| 57 | 60 | 30.0% | $28,350 (computed) | $2,362.50 (computed) |
| 58 | 48 | 24.0% | $30,780 (computed) | $2,565 (computed) |
| 59 | 36 | 18.0% | $33,210 (computed) | $2,767.50 (computed) |
| 60 | 24 | 12.0% | $35,640 (computed) | $2,970 (computed) |
| 61 | 12 | 6.0% | $38,070 (computed) | $3,172.50 (computed) |
The table is for a member who joined on or after July 1, 2015, with 25 years and a $72,000 average, and moves only the retirement age.
What the allowance does not decide
1. The payment option. The figure here is the unmodified allowance. A survivor option lowers it; the trade is explained on the single life versus joint and survivor page.
2. The rest of the PERS decisions. Return to work, purchases and the other plan-level choices are on the Nevada PERS retirement decisions page.
3. Tax. Nevada has no state income tax on retirement income (the Nevada pension tax page), but federal tax applies: “The taxable part of your pension or annuity payments is generally subject to federal income tax withholding.” The withholding form is described on the IRS page for Form W-4P: “so your payer can withhold the correct amount of federal income tax from your periodic pension, annuity”.
Where this calculator stops
It prices the regular-member formula and tests the statute’s age and service combinations. It does not model police officers and firefighters, members who joined before July 1, 1985, the 60-month compensation limits, part-time averaging, the legislator rule, the cost of buying service (the pension buyback calculator covers purchases in general), disability or survivor benefits, or cost-of-living increases. The statute lets the Board adjust the reduction after an experience study, so confirm any reduced figure with PERS before you decide.
How it was checked: a second, independent engine (exact fractions, the rates, ages, ceiling and reductions read from the archived statute text) agreed with this page’s engine on 180,000 random combinations of membership date, service, age and pay, and the shipped script was driven in a browser on a grid of cases against both. The rules were read from NRS 286.510 and 286.551.
Common mistakes
- Using one rate for everyone. The rate and the ages depend on the membership date: before 2010, 2010 to mid-2015, or mid-2015 on.
- Using your final salary. The statute averages 36 consecutive months, and for a 2010-or-later member limits how fast pay can rise in the window.
- Applying 2.67% to all service. For a member who joined before 2010 it applies only to service on or after July 1, 2001.
- Expecting 80%. The ceiling for a regular member is 75% of average compensation.
Related: Nevada PERS retirement decisions, public pension decisions by system, single life versus joint and survivor, and Nevada retirement taxes.
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Answer againSources
- Nevada Revised Statutes, Chapter 286, Public Employees’ Retirement System: https://www.leg.state.nv.us/nrs/nrs-286.html
- IRS, Topic no. 410, Pensions and annuities: https://www.irs.gov/taxtopics/tc410
- IRS, About Form W-4P, Withholding Certificate for Pension or Annuity Payments: https://www.irs.gov/forms-pubs/about-form-w-4p
Read from the system publications linked above on October 30, 2026. General information, not legal or tax advice, and not an estimate from the retirement system. Your own facts decide the outcome, and your retirement system, your plan administrator or a benefits advisor is the right place to confirm anything consequential.