Use this calculator to estimate your pension at retirement. The calculator provides an unofficial benefit estimate for a Defined Benefit or Cash Balance Plan, based on your projected date of retirement, years of service credit and final average compensation. It does not include the Windfall Elimination Provision (WEP) reduction. This calculator is a part of VCERA’s online pension planning tool and is provided FREE for all current and future employees.
This calculator uses the actuarial retirement calculation system MARC, which was developed, supported and continuously enhanced by a team of highly experienced Milliman actuaries, retirement plan consultants, systems analysts and web developers. MARC is one of the most powerful and cost-effective pension administration and planning tools available today.
The present cash value of an assigned account/certificate of deposit is revised annually by the department. If the department determines that the present cash value of an assignment of account/certificate of deposit is insufficient to cover a pension or fatality claim, it may withdraw up to the amount of the obligation from the assigned account/certificate of deposit without notifying the self insurer.
The information and analysis provided by this calculator are not intended to provide investment, legal or tax advice. You should consult with a professional advisor regarding your specific situation. Pacific Life does not guarantee the accuracy of the calculations, results, explanations and applicability to your unique circumstances. This calculator does not account for income taxes. If you are not a resident of California, you should consult your tax advisor regarding your state law. Калкулатор самоосигуряващо се лице пенсионер