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BENEFITS


CALCULATORS DISCLAIMER PAGE: RETIREMENT & TRANSFER

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
Retirement Benefit Estimate

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.

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, and the provisions of the California Public Employees’ Pension Reform Act of 2013, as set forth in Government Code Sections 7522-7522.74.

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


TRANSFER CALCULATOR

The transfer calculator is an interactive tool designed to give you an idea of the costs associated with a Prospective Plan Transfer or an Open Window Plan Transfer. If you are an active member of Plan E, you can use the calculator to project:

  • Your monthly Plan D contribution rate if you transfer prospectively to Plan D.
  • Cost to purchase and convert some or all of your Plan E service credit after you complete a Prospective Plan Transfer.
  • Your cost to complete an Open Window Transfer to Plan D.

Calculations created by this tool are NOT official LACERA estimates.

To use the calculator you need to know the following information:

  1. Your current monthly salary (gross)
  2. Your years of Plan E service credit

The program is easy to use; just follow the prompts and enter your own data. You can use the results as a guideline for your personal retirement planning.

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 Transfer Calculator projections and the official LACERA transfer calculation, the official Transfer Cost Notification Letter calculation will govern. The cost of your transfer from LACERA retirement Plan E to Plan D 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, Article 1.5, Sections 31487-31495.

LACERA does not give financial advice. Consult with a professional advisor before committing funds from a 457 or 401(k) plan or other investment savings to costs associated with a plan transfer. LACERA is not responsible for investment gains or losses that may occur in conjunction with waiting for LACERA to respond to a transfer application.

To agree to these terms and access the Transfer Calculator, click here: I AGREE

(If you cannot agree to the above terms then you will not be able to access the calculator.)

3/27/14