Showing example numbers for a fictional teacher paid every two weeks.

Your paycheck today

Enter one paycheck. We convert it to monthly.

Take-home today, per month$0

Your pension check

Monthly, from your pension system's estimate for the option you're leaning toward.

Take-home pension, per month$0

Your pension contribution, 403(b) or 457 deferrals and most work costs stop when you retire, which is why they don't appear on this side. Most Ohio cities don't tax pension income.

—
of your take-home pay replaced by your pension
Enter your numbers

Fill in both columns to see where you land.

Take-home today
$0
Take-home pension
$0
The PLOP ZoneWhere your percent falls, as a general guide
Below 75%A PLOP would likely strain your monthly budget
75% to 85%Possible, but it depends on your situation
85% to 95%A PLOP may be worth considering
95% and upA PLOP strategy is worth a serious look

For educational purposes only. The PLOP Zone ranges are general guides, not a recommendation for your situation. Results are illustrative and depend on the numbers you enter; a PLOP lowers your monthly pension for life and has tax consequences. Your pension system's official estimate is the final word on your benefit. Example numbers are fictional. Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Advisors LLC. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice. This example is hypothetical and for illustrative purposes only. It does not represent an actual client experience, and results will vary.

Before You Decide on a PLOP

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