RetirementCalcByState
⛏️ WV Pre-Filled
West Virginia State Pension
Retirement Calculator 2026
Calculate your estimated West Virginia Public Employees Insurance Agency retirement benefit using the official formula. West Virginia’s 2026 rates are pre-loaded.
Formula: Years of Service × Final Average Salary × 2% = Annual Pension
2%
Benefit Multiplier
Top 5 yr avg
Final Avg Salary
10 yrs
Vesting Period
+SS
Social Security
🏛️ PEIA / Consolidated Public Retirement Board Calculator
West Virginia Pension Benefit Estimator
Enter your years of service and final average salary — West Virginia’s 2% multiplier is already loaded.
$
Using highest 5-year average
✓ Pre-filled — West Virginia 2026 rate
Annual Pension
—
Per year
Monthly Pension
—
Per month
Replacement Rate
—
% of final salary
Calculation Breakdown
Years of Service—
Final Average Salary—
Benefit Multiplier2%
Annual Pension Benefit—
Income Replacement0%
⚠️ This is an estimate based on the standard West Virginia Public Employees Insurance Agency formula. Actual benefits may vary based on your specific tier, early retirement reductions, survivor benefit elections, and other factors. Contact West Virginia Public Employees Insurance Agency for an official benefit estimate.
🏛️ West Virginia Public Employees Insurance Agency Facts
Benefit Multiplier
2% per year
Final Avg Salary
Highest 5-year average
Retirement Rule
Age 65 with 5 years, or 35 years any age
Vesting Period
10 years
Employee Contribution
4.5% of salary
Employer Contribution
15.25% of salary
Social Security
Yes — members also receive Social Security
COLA
Ad hoc — granted periodically
System Overview
West Virginia’s pension system closed to new hires in 2005 and converted to defined contribution plans for most new employees.
What to Know About West Virginia Retirement
- →West Virginia converted most new employee retirement to a defined contribution plan in 2005.
- →West Virginia’s legacy pension has 10-year vesting — long-service employees with the old plan retain defined benefit protection.
- →The standard pension formula is: Years of Service × Final Average Salary × 2%. For a 30-year employee earning $65,000/year, this means $39,000/year in annual pension benefits.
Frequently Asked Questions
How is the West Virginia pension calculated?
The West Virginia Public Employees Insurance Agency uses this formula: Years of Service × Final Average Salary × 2%. Your “final average salary” is based on your highest 5-year average. For example, with 25 years of service and a $60,000 final average salary: 25 × $60,000 × 0.02 = $30,000 per year.
When can I retire with a full pension in West Virginia?
Full retirement eligibility in West Virginia: Age 65 with 5 years, or 35 years any age. You may be able to retire earlier with a reduced benefit — contact West Virginia Public Employees Insurance Agency directly for your specific eligibility date based on your hire date and tier.
Does West Virginia pension replace Social Security?
West Virginia pension members also participate in Social Security. You will receive both your state pension AND Social Security benefits in retirement — two separate income streams.