State Pension Review · Legacy Builders Financial Solutions

Overview

Pension Income & Options

Retirement Eligibility

Income Gap

Tier Placement

Growth Options

Client Fact Finder

Name

Date of Birth

Appointment Date

District

School

Current Age

auto from DOB · override ok

Years of Service

auto from appt · override ok

Membership Tier

not sure? open the Tier Placement tab

Current Annual Salary

Avg of Highest Salaries

basis set by tier

Planned Retirement Age

TRS Account Balance

Beneficiary & Options

Beneficiary Age

Survivor Factor Basis

option reduction factors depend on both ages via TRS actuarial tables — defaults are illustrative

Existing Retirement Accounts

403(b) / IRA Balance

Est. Annual Income From It

Monthly Contribution

Social Security (Monthly)

WEP/GPO may apply

Est. Annual Pension

—

Standard Annuity

Est. Monthly Pension

—

Before options / taxes

Replacement Ratio

—

Pension ÷ current salary

Rule of 80 Score

—

Age + Years of Service

Est. Eligibility Age

—

Normal-age retirement

Monthly Income Gap

—

Supplemental need

Summary

Enter the client's fact-finder details to generate the review. Every number on this dashboard recalculates automatically.

Standard Annuity & Options

Base benefit = Years of Service × 2.3% × average of highest 5 annual salaries. Option factors below are illustrative and must be replaced with the client's official TRS estimate.

Option	Factor	Monthly	Annual	Survivor Benefit

Partial Lump-Sum Option (PLSO)

Members eligible for PLSO may take a lump sum equal to 12, 24, or 36 months of the standard annuity in exchange for a permanently reduced monthly benefit.

Scenario	Lump Sum	Reduced Monthly	Reduced Annual	Monthly Reduction

PLSO eligibility varies by tier and is not available to members already in DROP or the proportionate retirement program. Confirm eligibility with TRS.

Rule of 80

Current score—

Points still needed	—
Years to Rule of 80	—
Projected age at Rule of 80	—

each year adds 2 points (age +1, service +1)

Rule of 90

Current score—

Points still needed	—
Years to Rule of 90	—
Projected age at Rule of 90	—

applies to Tier 2 & Tier 3 early-age eligibility

Eligibility Snapshot (per current tier)

Pre-Retirement Monthly

—

Current gross salary / 12

Est. Retirement Monthly

—

Pension + accounts + SS

Monthly Gap

—

Supplemental income needed

Income Sources at Retirement

Closing the Gap

Annual gap to cover	—
Est. lump sum needed (at 5% draw)	—
Est. lump sum needed (at 4% draw)	—

draw-rate figures are simplified planning illustrations, not guarantees of income or principal

Tier Placement Map

Answer the questions to determine the client's TRS tier, then apply it above.

Your State Pension Plan — Tier Rules

Tier	Normal Retirement Age Eligibility	Avg Salary Basis	Early-Age Retirement	PLSO Eligibility

Options For Your Money

In broad terms, there are three ways money can be positioned. This is educational context for the supplemental savings conversation.

Fixed

Principal protection with a stated, generally lower rate. Low growth, low volatility.

Variable

Directly exposed to market movement. Higher growth potential and full downside risk, including loss of principal.

Indexed

Interest linked to an index subject to caps/participation rates, typically with a 0% floor. Growth is limited by the cap; principal is protected from index loss per contract terms.

Hypothetical illustration. Any charts comparing "large company stocks" to an indexed account (for example, an assumed annual point-to-point return with a 7% cap) depict hypothetical scenarios. They are not a prediction or guarantee and are not necessarily representative of how any investment or product will perform.

Feature	Fixed	Variable	Indexed
Principal protection	Yes (issuer)	No	Yes, per contract
Upside potential	Low	High	Capped
Downside risk	Low	High	Limited (floor)
Market participation	None	Full	Partial (cap/rate)