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Estimating Your FAC and Straight Life Pension

Please take a minute to test your knowledge by taking this short quiz.
Your answers will help us serve you better

  1. Participating in this program has increased my understanding of how my straight life pension is calculated.
     
    Strongly agree

    		 Agree

    		 Disagree

    		 Strongly disagree
  1. The final average compensation is:
     
    A) The average of your highest three consecutive years of wages.
    B) Your last year of wages.
    C) The average of your two highest consecutive years of wages.
    D) The average of all years of wages.
  1. The pension formula for regular state employees is:
     
    A) FAC X 15% X Years of Service.
    B) FAC X 1.5% X Years of Service.
    C) FAC X 0.15%.
    D) 15 % of last year of wages.
  1. The final average compensation may include the following types of payments:
     
    A) Annual leave payouts, regular wages, sick leave payouts, and overtime.
    B) Annual leave payout up to 240 hours, regular wages, and overtime.
    C) Regular wages and overtime only.
    D) Regular wages, sick leave payouts, and travel compensation.
  1. Under the straight life option my monthly pension payment and dependent eligibility for insurance:
     
    A) Ends with my death.
    B) Continues for 18 months after my death.
    C) Continues only for my spouse after my death.
  1. I am comfortable with this method of learning.
     
    Strongly agree

    		 Agree

    		 Disagree

    		 Strongly disagree

     

    

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This page last updated on July 22, 2009