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RETIREMENT
CALCULATOR
The retirement calculator is an interactive planning tool that uses the information you provide to approximate the monthly allowance you will receive when you retire. Calculations created by this tool are NOT official LACERA estimates.
To use the calculator
you need the following information:
1)
Your
plan
2)
Your
age at retirement
3)
Your
years and months of service credit at retirement
4)
Your
final monthly compensation
The
program is easy to use; just follow the prompts and enter your own data.
The calculator uses current actuarial tables. You can calculate numerous
estimates by entering different retirement ages, salaries, and/or years of
service credit.
The calculator approximates retirement allowances under the Unmodified and the Unmodified+Plus Options. (Other options may be elected at retirement). Your LACERA
monthly allowance is based on your L.A. County service credit. Your reciprocal
service credit, if any, is used only to meet the minimum service credit
for retirement (10 years).
IMPORTANT
NOTICE - This
is not an official LACERA estimate and LACERA is not bound by the results.
In the event of a conflict between the Retirement
Calculator projections and the official LACERA retirement allowance calculation,
LACERA's written estimate will govern. The allowance you receive from
LACERA is and will be determined pursuant to the provisions of the County
Employees Retirement Law of 1937, as set forth in Government Code Title
3, Division 4, Part 3, Chapter 3 and 3.9, Sections 31450-31899.10.
To
agree to these terms and access the Retirement Calculator,
click here: I
AGREE
(If
you cannot agree to the above terms, you will not be able to access the
calculator.)
Revised
4-1-08 |