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BENEFITS


Service Credit: Initiating a Purchase
Service Credit: Cost & Increased Benefits
Service Credit: Former Plan E Members


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  LACERA - Benefits Home > Active Member > Service Credit: Overview > Service Credit: Cost & Increased Benefits  
     
   SERVICE CREDIT: COST & INCREASED BENEFITS  
   
 

THE COST
Your request to purchase service credit will be individually evaluated. After your service has been verified, LACERA will calculate the cost based on:

  • Your date(s) of membership in LACERA
  • The types of service credit you are requesting to purchase
  • Your prior and/or current retirement plan

PROJECTING THE INCREASE TO YOUR MONTHLY RETIREMENT ALLOWANCE
You can use either of these interactive online tools to project how the addition of service credit will affect your retirement allowance.*

Create Your Own Retirement Benefit Estimate

  • Most accurate, detailed, and personalized Retirement Benefit Statement you can create on your own
  • Uses your data currently on file as the basis of its calculations
  • Allows you to create multiple estimates based on different scenarios

Retirement Calculator

  • Allows you to enter your own data (including your years and months of service credit)
  • Uses current actuarial tables to approximate your monthly retirement allowance
  • Displays Unmodified and the Unmodified+Plus Options allowances only

*Calculations created by these tools are NOT official LACERA estimates.

4/18/08

 

Email: Welcome@LACERA.com - 1-800-786-6464 - 626-564-6132 - Fax: 626-564-6155 - Business Hours M-F 8:00 AM - 5:00 PM
Office address: 300 N. Lake Ave., Pasadena, CA 91101-4199 
- Mailing address: P.O.Box 7060  Pasadena, CA  91109-7060

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