Your Retirement Formula


Your Retirement Formula

Getting an early understanding of the formula that ACERA will use to calculate the retirement allowance you’ll receive every month for the rest of your life will make it much easier for you to plan for retirement.

When you retire, ACERA will perform the following multiplication in order to determine your lifetime monthly retirement allowance:

Age Factor Percentage
Years of Service Credit
X  Highest Average Monthly Salary
= Monthly Retirement Allowance for Life

In general, the higher these factors, the greater your benefit. Note that the highest average monthly salary calculation and age factors used to calculate your benefit vary based on your membership type and tier.