Benefit
Calculation |
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CONTRA COSTA COUNTY |
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Estimating Your Benefits |
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CCCERA is implementing a new pension administration system that will bring our business processes to a "state-of-the-art" technological level. The new system and database structure includes an electronic benefit estimating tool which will be posted on this website. At that time, you will be able to enter different variables about your future retirement and receive an "on-the-fly" estimate generated from the data you enter. For example, you can enter a Final Average Salary, Number of Service Credit Years, and Age at Retirement. The benefit estimate program will return a calculation of your approximate monthly benefit based on the information you enter. This figure won't replace an actual estimate created by CCCERA counselors, but it will give you a rough idea for financial planning. The electronic calculating tool is at least a year away, so in the meantime,
you can figure your own basic estimate for retirement by using our printable
(PDF file) Tier brochures. Each one includes easy-to-follow instructions,
formulas, and factor tables needed to
"Do The Math." (Formulas and factors sound a bit intimidating,
but you can do it with basic math skills, or a calculator.) |
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Tier 1 and 3 Enhanced (2% at 55) Tier 2* *Tier
2 Calculation Tips |
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Click here to view some sample calculations. |
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