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.) This figure won't replace an actual estimate
created by CCCERA counselors, but it will give you a rough idea for financial
planning.
Give it a try!
If you have service in more than one tier, you will figure each tier's
retirement service credit separately, due to differences in factor tables
for each of the retirement tiers (Tiers 1,2,3, PEPRA Tiers 4 and 5, and Safety Tiers A, C, D, and E). Add the amounts together to estimate your
monthly pension benefit.
Click on the links below to open the PDF
printable file for your tier(s).
Membership Dates before January 1, 2013
Tier 1 and 3 Enhanced (2% at 55)
Most General members (non-Safety) are in this benefit structure, section
31676.16 of the 1937 Act.
Click here to view a sample calculation.
Tier 2*
Members hired after August 1, 1980 and before October 2002, with employers
that chose the Tier 2 benefit structure. (Members had the option of tranferring
to Tier 3 after 5 years of service.)
*Tier
2 Calculation Tips
For an accurate estimate, members with Tier 2 service credit must also figure
their Social Security reduction amount. This article will help with the details.
Safety A Enhanced (3% at 50)
Members who are involved in active law enforcement or fire fighting duties
PEPRA General Tiers 4 and 5: Membership Dates on and after January 1, 2013
PEPRA Safety Tiers D and E
This brochure is under construction, and will be posted as soon as available.