SBCERA - Retirement Calculator

Web Member Services (WMS)

Plan Sponsors' Employer
Reporting Services (ERS)

The calculator below is for Tier 1 members only. An updated calculator for Tier 2 members will be available soon. Tier 1 members are those with a membership date prior to January 1, 2013. Tier 2 members are those with a membership date on or after January 1, 2013.

The calculator below was created to assist members in understanding how their benefit is calculated. However, this is only an estimate and it is based on the data entered. If you would like an official benefit estimate, please contact SBCERA to request one or create your own estimates by logging into Web Member Services.

Please enter or select the appropriate information as requested below.

Select Your Plan Type (choose one):

Tier 1

General Member (2% @ 55)

Safety Member (3% @ 50)

Age at Retirement:		Age at retirement is calculated in quarter year increments (i.e. 50, 50.25, 50.50, 50.75)
Years of Service Credit:
Final Average Compensation (Monthly)*:	$
You cannot use dollar signs or commas in the Final Average Compensation field.
	$

* Your final average compensation is one of the factors used to determine your lifetime benefit. For Tier 1 members, it is your highest 12-consecutive months of earnable compensation at any time during your membership or at another agency with which you have established reciprocity. For this calculator you must enter your average monthly final average compensation. Do not enter your annual compensation.

Service Credit under Different Retirement Formulas: Please use the Split Service Calculator if you have both General and Safety member service credit. The General and Safety plans use different benefit formulas and the calculator above does not calculate the benefit estimates using split plan service credit.

Important Notice - This retirement calculator does not produce an official SBCERA estimate and SBCERA is not bound by the results.

This calculator shows your projected monthly lifetime retirement benefit based on the information entered and is calculated for the unmodified benefit option only. Your actual retirement benefit will be based on your date of retirement, highest final average compensation, verified service credit, and other factors that may differ from the factors used to calculate this estimate. Your benefit may also be subject to cost-of-living adjustments (COLAs), legislative and judicial legal actions, and your reciprocal rights, if any, from other pension systems. The calculator does not provide estimates for disability retirement benefits.

Reciprocal service credit only counts towards determining when you have accrued the minimum amount of service credit to become vested and eligible for retirement. It will not be included when calculating your retirement benefit. Therefore, it should not be included in your total years of service credit when using this calculator. However, any service credit purchased will be included when calculating your future retirement benefit and should be included for this calculator.

Please contact SBCERA if you have any questions or would like to request an official benefit estimate.