Standard Retirement Services’ new, online defined-benefit calculator allows retirement plan participants and others to model numerous financial scenarios.

The Portland, Ore.-based company said participants can run through various scenarios, including alternative retirement dates, interest rates assumptions and salary increase assumptions online. The projections can then be automatically integrated with the Standard’s existing defined contribution retirement planning tools and services, according to the company.

“Pension Estimator was built to help plan sponsors decrease their time spent administering pension benefit illustrations as well as reduce their administrative costs,” said Dave Dougherty, director and consulting actuary at The Standard, in a statement. “In addition, the tool helps them engage employees in the retirement planning process. The result is a better understanding and appreciation of the future income benefit provided by the defined benefit plan.”