The Lacera Retirement Calculator helps users estimate their retirement benefits from the Los Angeles County Employees Retirement Association (LACERA). This tool is useful for planning retirement by estimating future benefits based on current contributions, service years, and other factors.

## Inputs

**Final Average Salary (FAS)**: The average of the highest consecutive salaries over a specified period (e.g., 36 months).**Years of Service (YOS)**: The total number of years worked and contributed to LACERA.**Retirement Age (RA)**: The age at which the employee plans to retire.**Benefit Factor (BF)**: A percentage that represents the retirement benefit multiplier based on age and years of service.

## Formulas and Calculations

## 1. Calculate the Retirement Benefit

The annual retirement benefit is calculated using the formula:

[ \text{Annual Benefit} = FAS \times YOS \times BF ]

where:

- ( FAS ) = Final Average Salary
- ( YOS ) = Years of Service
- ( BF ) = Benefit Factor

## Example Calculation

**Inputs:**

- Final Average Salary (FAS): $60,000
- Years of Service (YOS): 25 years
- Retirement Age (RA): 60
- Benefit Factor (BF): 2.5%

**Calculate the Annual Benefit:**

[ \text{Annual Benefit} = 60,000 \times 25 \times \frac{2.5}{100} ]

[ \text{Annual Benefit} = 60,000 \times 25 \times 0.025 ]

[ \text{Annual Benefit} = 60,000 \times 0.625 ]

[ \text{Annual Benefit} = 37,500 ]

## Summary

For an employee with a final average salary of $60,000, 25 years of service, and a benefit factor of 2.5%, the estimated annual retirement benefit is $37,500.

## Conclusion

The Lacera Retirement Calculator is an essential tool for Los Angeles County employees to plan their retirement. By inputting the final average salary, years of service, retirement age, and benefit factor, employees can estimate their annual retirement benefits and plan accordingly.