NYPD Pension Calculator
Tier 2 & Tier 3

How is an NYPD pension calculated (Tier 2 vs Tier 3)?

Both tiers pay 50% of Final Average Salary at 20 years, but what happens after year 20 differs, and so does the way FAS itself is measured. Tier 2 keeps building with each year past 20; Tier 3 does not raise that base percentage, and a Tier 3 pension is reduced by a Social Security offset starting at age 62. The calculator above runs both tiers on your own salary and service. For the full formulas, the FAS rules, and what each tier pays at 20, 25 and 30 years, read how much an NYPD pension pays after 20 years.

How much does an NYPD pension actually pay after 20 years?

On a $105,000 final average salary: a Tier 2 officer with 22 years nets about $5,350/month after federal tax, filing jointly as a married couple, including the $12,000 Variable Supplements Fund. A Tier 3 officer at the 20-year mark nets about $5,093/month on the same basis, also including VSF, before the age-62 Social Security offset that applies to Tier 3 only. These are worked examples on this salary and service, not your number. Put your own years, age and salary into the calculator above to see yours. This is general educational information, not personalized advice.

What is the NYPD Variable Supplements Fund (VSF) and how much is it?

The NYC Police Pension Fund Variable Supplements Fund (VSF) pays a fixed $12,000 per year, an amount set by law. It is paid only to members who retire for Service (20 or more years), not to disability retirees, and is paid in addition to the base pension. In New York, both the NYPD pension and the VSF are exempt from New York State and City income tax. Sirmium models the VSF alongside the base pension so NYPD families can see their total retirement income in one picture.

Can I withdraw from my NYC 457(b) penalty-free after I leave the NYPD?

A governmental 457(b), such as the NYC Deferred Compensation Plan, allows withdrawals after you separate from service at any age, without the 10% early-withdrawal tax that applies to IRAs and 401(k)s before age 59 and a half. Rolling a 457(b) into an IRA moves those dollars under IRA rules, so withdrawals before 59 and a half would then generally face the 10% penalty; an officer who separates in their 40s gives up that penalty-free access by rolling over early. Sirmium models the 457(b) bridge-income decision for NYPD families before any rollover.

What are Pension Longevity Enhancements, and does this calculator include them?

They are rank based increases set out in the June 2026 Summary Plan Descriptions for both Tier 2 and Tier 3, and in the Fund's own words they "increase their pension benefit regardless of retirement type." If you retire in the rank of Police Officer, 25 years served in that rank means a portion of your pension is calculated using the highest salary rate of a 3rd Grade Detective, and at 30 years in rank that reference moves to a Sergeant's. See how the longevity enhancement works. If you retire as a Detective, Sergeant or Lieutenant with at least three years in rank, 5% of the top pay of the highest rank in your union, plus longevity, is added, for a two year aggregate period, to the salary your pension is computed on at 25 years of service, 10% at 30, and 15% at 35; that is Administrative Code section 14-114(d), added by the May 2025 State budget, and it does not stack with the Police Officer step. At Captain and above the enhancement references a Deputy Inspector's, an Inspector's, then a Deputy Chief's salary as time in rank grows, under long standing section 14-114(c). Only Retro Military Seniority, Childcare Leave and Active Military Service performed while an NYPD member count toward these enhancements. This calculator includes the Detective, Sergeant and Lieutenant step when you give your rank and years in rank, figured on the contract's base top pay, so the Fund's figure can be higher. It does not model the Police Officer or Captain steps, so for those ranks its figure is likely to be conservative. Ask the Fund for an estimate reflecting your rank and time in rank. How the pension works for a sergeant, lieutenant, detective or captain.

What you can build here, for nothing. Your pension a month, before tax, or after federal tax once you give your filing status; the $12,000 Variable Supplements Fund where it applies; what each survivor option does, and the questions to take to the Fund about its cost, all written up in a Pension Printout you can save or print.

What it cannot tell you. Whether it is enough. It knows your pension. It does not know your spouse's income, your savings, your mortgage, or what you want to be doing the year after you put your papers in.

What a plan adds. Retiring is a run of one-time decisions, and every one of them is a trade-off: when you go, what you do with the annuity fund, whether the 457(b) moves, when to start Social Security. A plan sets them side by side with everything else you own, so you can see what you give up either way and choose on purpose. Then it covers how the money is managed afterwards.

What it costs. Nothing to plan, and no obligation. If you then want us to manage the money, first responders pay 1% of assets under a separate signed agreement; the full schedule, including what changes above $1.1mn, is in our Form ADV Part 2A. William Harrison, our Co-Founder and CIO, is the adviser. How working with us works.

What the plan meeting looks like (a short video and five sample slides) now sits with the pension guide request.

1. 1Run the calculator. Your Pension Printout shows what the pension pays a month and what each survivor option does. It's free, and you don't need to give an email to see your figure.
2. 2Get your free pension guide. Ask for it under your pension figure. Within one business day Eslyn Hernandez emails you a guide built on the numbers you entered: a short PDF, a video that walks you through it, and the key points as slides.
3. 3Ask for your written plan. If you want the whole picture, answer one page of short questions and send your latest Police Pension Fund statement. We build it before we talk: your pension, the annuity fund decision, your 457(b) and any loan on it, protecting your family, and what you can spend, set side by side with what we recommend, plus a video that walks you through it.
4. 4Walk through it with us. A call with William Harrison, our adviser, and Eslyn Hernandez. If you then want help moving money, we fill in the forms and you sign.
5. 5Every year after, if you become a client. Once a year we sit down with you and go back over the plan with your current numbers: what the pension pays now, where your 457(b) and savings stand, taxes, and anything that changed at home. When something has moved, the plan gets updated. It's part of the advisory fee, with no separate charge for planning.

Why plan, and why with an adviser. The calculator answers one question well: what the pension pays. Retirement asks several more, most of them once, around the day you file, and each one changes the others. Taking part of the annuity fund as cash changes the monthly check. Moving the 457(b) changes when you can touch it without a penalty. The survivor option changes what your family has if you go first. A plan puts all of it on one page before you file, so you're choosing with the whole picture rather than one box at a time. An adviser adds a second set of eyes on those choices, help with the Fund's paperwork, and a plan that gets re-run every year instead of going stale in a drawer.

See a sample written plan (PDF) · Start with the calculator

Or try the interactive sample: an example officer, with sliders. Your email opens every chapter.

The sample is an illustrative officer, not a real client. Its figures are examples under stated assumptions; a projection is not a promise.