The current formula used is P/360 x .025 x B =$/MONTH, where P=total number of retirement points and B=base pay of the grade in which retired (using pay scale in the year in which you turn 60 years old). You'll have to make an estimate of what your base pay will be in the year you turn 60 by using an assumed annual increase rate.

This will depend on your expected income needs at retirement. You will have to make several assumptions to calculate the amount of savings needed to fund those retirement income needs. These assumptions include one regarding the rate of return you think you will earn on your investments, the inflation rate and your life expectancy. The Financial Calculators on this site can assist you with some of these calculations. See similar questions...

If you are receiving a retirement pension from a base period employer, the pension may be deductible from your weekly benefit amount if your employer contributed 50% or more toward the pension fund. If the pension payment is determined to be deductible, the department will reduce your weekly benefit amount dollar for dollar by the weekly amount of the pension that is attributable to the employer. See similar questions...

Reservists may retire after 20 years of satisfactory service (50 points per year). This is based on a combination of active duty time, attendance at training periods and completion of correspondence courses. Mandatory retirement age is 60 (sometimes waivable to age 67 for Physicians). However, reservists do not start receiving retirement pay until age 60. The amount received at age 60 depends on the base pay of the reservist's pay grade, and total active and inactive Reserve time. See similar questions...

Your retirement allowance is exempt from New York State & New York City income taxation as long as you live within the State of New York. If you live outside of New York State your retirement allowance is subject to taxation of that state. However, your retirement allowance is subject Federal income taxation. See similar questions...

Using the B.A.M. Process you will be able to regain control of all your income and your spending habits. You will quickly be able to apply the principles in this program to pay down your debt and simultaneously build a savings for: emergencies, retirement and even your children's education. When entering your mortgage payment into the FSF-Debt Reduction Program, only list your principal and interest payment; also known as your P&I payment. See similar questions...

You can retire (without pay) after completing 20 qualifying years (at least 50 Pts/yr) of service with the following caveats: Members who earned their 20th year of qualifying service before 26 April 2005 must also serve their last six (6) years of qualifying service while a member of a reserve component. Members who earned their 20th year of qualifying service after 26 April 2005 do not have a minimum reserve component requirement. You must apply for retirement pay at age 60. See similar questions...

CardioChek Lipid Panel Test Strips will automatically calculate LDL values (require CardioChek PA analyzer). If using individual test chemistries with either CardioChek PA or CardioChek analyzers, first test Cholesterol, HDL Cholesterol and Triglycerides using new, unused test strips. See similar questions...

The timing of ovulation is complex and can take some studying of your body and your cycles to figure out. By using a combination of methods such as studying cervical fluid, taking your body temperature, and tracking your periods, you can calculate your time of ovulation. The American Pregnancy Association encourages women to learn about the fertility awareness method of tracking cycles and then combine that with ovulation predictor kits to best understand when you are ovulating. See similar questions...

When you add selections to your Bet Card, the potential payout for your bet is calculated and displayed for you automatically. If you want to understand how this calculation is made, here is how it works: Sports Interaction displays decimal prices for each outcome in an event. This price includes your bet amount. Your winnings are calculated by simply multiplying your bet amount by the displayed odds. This is the amount you will be paid if the bet wins. See similar questions...

Land transfer tax varies across Canada by province. It is charged in BC, MB, ON, PQ, NB, and NS. It varies by province from 1% to 4% of the purchase price. It may be waived, in part or whole, for first-time buyers in some provinces. Ask your agent, lawyer or bank to get the latest and most up to date information. If you are buying a residential property in Ontario then you can use this calculator: Rates are effective January 2002 - Residential Property Purchase: 0. See similar questions...

If you are paid an annual salary, divide your annual salary by 366 days (number of days in a fiscal leap year that covers the City's current fiscal year July 1, 2007 through June 30, 2008) and multiply by 14 (days in a pay period). Try out our pay rate calculator and find more about pay formulas elsewhere on our web site. See similar questions...

All interest is calculated based on the daily loan balance. You can therefore save interest by paying early or by paying in advance See similar questions...

No. Under State Law, your retirement account has no provisions for withdrawal under any circumstances. If you voluntarily leave employment that began after January 1, 1984 and have less than five years of service, no interest will be refunded to you. If you have served between five and ten years of service, you will receive half of the interest. If you have over ten years of service, all of the interest will be refunded to you. See similar questions...

Some states, such as California, allow payments to be made under court order while the member is still on active duty. Most states, however, do not. In all states, however, the law allows the present value of the pension to be used as a set-off or trade against other property that the nonmilitary spouse will receive. Thus the retired pay might be traded against the marital residence if the values of each were roughly equal. See similar questions...

If the total of your taxable pensions, wages, interest, dividends, and other taxable income, plus any some of your benefits will be taxable. See similar questions...

If the salary rate for each job is the same, there is no problem. However, in these dual employment arrangements, it is not uncommon for an employee to be paid at different rates for each job. The Department of Labor says that you cannot use the rate of only the secondary job to calculate overtime, unless all overtime hours are worked in that secondary job. See similar questions...

Go to Housekeeping --> Setup --> Parameter setup, click Pay calculation; look for overtime determination --> maximum pay to allow calculate HRP key in your amount to set here and press apply button. See similar questions...

It is easy to compute the monthly repayments using a car loan calculator. Just submit the amount of loan, term, and the rate of interest; and within a few seconds the monthly repayments will appear. See similar questions...

Retirement applications can be downloaded and printed from our forms page. You will need to complete the application, sign, and mail it to our office. See similar questions...