What this calculator estimates
The AFC Calculator projects your Average Final Compensation — the salary base the Florida Retirement System uses in the pension formula — by averaging your highest-paid years from a year-by-year salary history you enter. The result is an estimate for educational purposes based on those inputs.
Which years count toward AFC
AFC averages your highest-paid fiscal years of salary, not your most recent ones. The number of years depends on your enrollment era: members enrolled before July 1, 2011 use the highest 5 years, and members enrolled on or after July 1, 2011 use the highest 8 years. This tool selects the highest years from the salary history you provide.
How AFC feeds the pension formula
In the FRS Pension Plan formula — Years of Service × Service-Class Percentage Value × AFC — Average Final Compensation is the salary term. Because it multiplies the rest of the formula, the AFC figure has a proportional effect on the estimated benefit. The Pension Calculator uses an AFC value as one of its three inputs.
Common questions
- What is AFC in FRS retirement?
- AFC stands for Average Final Compensation. It is the average of a Florida Retirement System member’s highest-paid fiscal years of salary, and it serves as the salary base in the pension benefit formula.
- How many years are used for FRS AFC?
- Members enrolled before July 1, 2011 average their highest 5 fiscal years. Members enrolled on or after July 1, 2011 average their highest 8 fiscal years.
- How is AFC calculated?
- AFC is calculated by identifying your highest-paid fiscal years of salary — 5 or 8 depending on enrollment era — and averaging them. This calculator performs that selection and averaging from the salary history you enter.