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Home  General Information  Account Online  Online Forms  Trans. Dept. Pilots Plan    Benefit Calculation  Benefit Options  Disability Benefit Eligibility  Disability Benefit Example  Eligibility  High-Five Average Salary  Re-Employment  Survivor Benefits  1099-R Form  Address Changes  Benefit Increases  Combined Service  Direct Deposit  How to Apply  Notification of Death  Preparing to Retire  Pre-Retirement Checklist  Re-Employment  Refunds  Rollovers  Tax Information       Last Updated: 05/27/2009	Home >> Other Plans >> Pilots Plan >> Disability Benefit Calculation    Disability Benefit Calculation   If you are disabled under the Transportation Department Pilots Retirement Plan, the disability benefit provides payment of 75% of your salary at the time of disability. After a five year period, your disability would be paid by MSRS and would be based on your service credit and your high-five salary. The formula pays 1.7% for each year of service. Let's assume a pilot was disabled at age 45 with 20 years of service, and a current annual salary of $38,000 per year and a high five salary of $36,000 per year.     Payment for first five years  Monthly salary at time of disability  $3,166    (38,000 / 12)  Amount of salary replacement       x 75%  Monthly disability benefit  $2,374   Payment after five years  High-five salary  $3,000    (36,000 / 12)  Service factor       x 34% (1.7% x 20 years)  Monthly disability benefit  $1,020     How your MSRS benefit may impact benefits payable from Workers' Compensation If you qualify for MSRS disability and receive workers' compensation because of your disability, your workers' compensation benefit likely will be reduced by the amount of the disability benefits payable from MSRS. MSRS will pay your entire disability amount, and Workers' Compensation likely will apply the reduction. How your MSRS benefit may impact benefits payable from your Long-Term disability insurance plan If you purchase an optional Long-Term disability plan, the amount you are paid from MSRS may reduce the amount you are paid from your disability plan. Any amounts received from Social Security may also lower payments from your Long-Term Disability plan. For more information regarding your Long-Term disability plan State employees may contact Ochs, Inc., at (651) 665-3789 or (800) 392-7295.
	Minnesota State Retirement System 60 Empire Drive, Suite 300, St. Paul, MN 55103-3000 Telephone: (651) 296-2761, Toll Free: (800) 657-5757, Fax: (651) 297-5238 E-Mail: info@msrs.us Please do not include confidential information, such as social security numbers, in email correspondence with MSRS. An Equal Opportunity Employer