The New Jersey Teacher Pension Calculator is a tool that can estimate a teacher’s pension based on their years of service, final average salary, and age at retirement.

Here’s how to use this handy calculator:

1. Enter the number of years you have served in the ‘Years of Service’ field. This includes all full-time service where pension contributions were made.
2. Next, enter your final average salary into the ‘Final Average Salary’ field. This is typically the average of your highest three years of earnings.
3. Then, enter your age at retirement into the ‘Age at Retirement’ field. This tool has added functionality that accounts for a higher pension for those retiring at 65, moderate for those at 60 and 65, and slightly lower for those under 60.
4. After filling in all the necessary information, click on the ‘Calculate Pension’ button. The calculator will then use this information to calculate your estimated annual pension.

Remember, while this tool provides a basic estimate, actual calculations may vary depending on a number of factors such as adjustments made by New Jersey’s policies. Always consult with a professional for accurate information.