Online Benefit Estimating Worksheet
SCERA offers a Defined Benefit Plan. As such, the calculation of
your lifetime monthly benefit is based on clearly defined factors. These
- Your age at retirement
- Your years of service
- Your highest average monthly pensionable compensation.
You can use this calculator to project your future benefit, based on
information you provide. However, your calculations should be viewed as
estimates, since every benefit is subject to the special facts and
circumstances of your employment history. If you have questions about
calculating your benefit, please contact SCERA.
Valley of the Moon Fire Protection District - Plan B Member
Estimated Age at Retirement
Enter the age you will be on your retirement date for each scenario. Your age at retirement is measured to the completed quarter year. Your age is never rounded forward, but is set at your last quarter year anniversary. If you are 52 years and 2.9 months, your retirement age is 52 years. If you are 52 years and 11 months you would enter a retirement age of 52.75.
Years of Service Credit
Enter the number of years you have worked, plus the number of years of service credit you may have purchased. For example, if you have worked 20 years and 9 months, plus purchased one year of service credit, you may enter 21.75. Your Annual Statement of Benefits indicates the amount of service credit you have accrued as of the date of the statement.
Highest Average Monthly Compensation
Highest average monthly compensation is defined as your highest one-year (Plan A members) or three-year (Plan B members) average pensionable salary. You may be as precise or as broad as you choose in your projection of final compensation. Your Annual Statement of Benefits indicates your Highest Average Monthly Compensation, as of the date of the statement.