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BENEFITS


RETIREMENT AND TRANSFER ESTIMATES

RETIREMENT CALCULATOR

You can create a personalized retirement benefit estimate by logging into your My LACERA account. Your estimate will be based on information in your member file, and reflects the benefit amounts you may be eligible to receive upon retirement. To help you plan, the calculator allows you to change variables and create estimates for different retirement options.

Estimates are nonbinding and intended for illustrative purposes only. They are subject to final determination of the benefits mandated by your plan and cannot be submitted as an application for retirement.

How to Create a Retirement Benefit Estimate

Log in to the My LACERA portal. (If you have not yet signed up for an account, you will be prompted to create one.) Once you are logged in, click on the "Estimate" button at the top right to get started.

Plan Transfer

When you are ready to file a retirement application, you will need to contact LACERA by calling 800-786-6464 or making an appointment to speak with a Retirement Benefits Specialist. Your election to retire must be received in writing no earlier than 60 days before your retirement date.

For a detailed timeline of activities to review and manage as you progress through your retirement planning. Please see the Retirement Checklist and Timeline page.

This will allow the Board of Retirement sufficient time to approve your application and will enable LACERA to process your first allowance in a timely manner. LACERA must receive your signed election form on or before your retirement date. You cannot retire retroactively.

Revised 10-7-20


TRANSFER CALCULATOR

You can create a plan transfer estimate by logging into your My LACERA account. LACERA offers two methods for active members in Plan E who wish to transfer to contributory Plan D:

  • Open Window Plan Transfer (OWPT)
  • Prospective Plan Transfer (PPT)

There are many factors to consider before you initiate a plan transfer. It is wise to compare the benefits and costs associated with each plan and to speak with a Retirement Benefits Specialist prior to completing the application. Contact LACERA by calling 800-786-6464 or making an appointment.

The transfer calculator on My LACERA 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 supersede.

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.

How to Create a Plan Transfer Estimate

Log in to your My LACERA portal. (If you have not yet signed up for a My LACERA account, you will be prompted to create one.) Once you are logged in, review your plan and service credit information page and click on the Plan Transfer link to create your estimate.

Estimate

3/30/21