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Enter information into the
shaded boxes for the amount and time nearest your retirement date. See page
one (1) for salary information. For buy back information, use rounded decimal
to one place (example 5 1/2 (F) Holidays = 5.5.
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Note : These calculations are
estimates only. They are NOT official figures or official LACERA
calculations. They are intended to be used as a planning tool only. This does
not include reciprocity payments or percentages. All these figures are before
taxes. So have fun with it, and get educated. If you discover any errors, please contact me so they can be
corrected. This is a protected document, so you can only enter info into
shaded areas.
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Top step monthly salaries base on August 2007 and
August 2008 contract amounts. All salaries include EMT bonus.
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8/1/2007
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8/1/2008
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8/1/2007
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8/1/2008
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6942.55
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7150.82
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Firefighter
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8578.03
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8835.17
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Firefighter Paramedic / AIR squad
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7113.27
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7347.64
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Firefighter 10 year longevity
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8813.51
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9078.21
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FF Paramedic / AIR squad 10 year longevity
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7329.55
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7549.82
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Firefighter
15 year longevity
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9055.87
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9327.92
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FF Paramedic / AIR squad 15 year longevity
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7531.27
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7754.64
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Firefighter
20 year longevity
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9305.01
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9584.59
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FF Paramedic / AIR squad 20 year longevity
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7289.68
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7508.36
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Firefighter HAZ-MAT / USAR
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8270.00
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8518.27
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Engineer
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7468.93
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7715.02
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Firefighter HAZ-MAT / USAR 10 year longevity
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8683.50
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8944.18
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Engineer HAZ-MAT / USAR
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7696.03
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7927.31
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Firefighter HAZ-MAT / USAR 15 year longevity
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9758.68
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10051.56
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Engineer Paramedic
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7907.83
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8142.37
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Firefighter HAZ-MAT / USAR 20 year longevity
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8169.55
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8414.45
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Firefighter Paramedic
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9779.73
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10074.00
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Captain
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8393.82
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8645.91
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Firefighter Paramedic 10 year longevity
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10268.72
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10577.70
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Captain HAZ-MAT / USAR
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8624.64
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8883.73
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Firefighter Paramedic 15 year longevity
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11540.08
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11887.32
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Captain Paramedic
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8861.91
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9128.18
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Firefighter Paramedic 20 year longevity
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Enter BASE MONTHLY
salary at retirement :
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Note : This should be the average of your
single highest year.
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56-Hour hourly rate
:
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40-Hour hourly rate :
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: Annual
base salary at retirement
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FLSA (monthly
salary) :
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Monthly
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NOTE : If
you retire from a 40-hour position you do not receive the FLSA salary.
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What year were you
hired by LACoFD or what year did you transition to LACoFD?
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Are you 40 hr or 56 hr ?
(Enter 40 or 55) |
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Pensionable medical
as of 2005 :
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Monthly
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NOTE : If
you were employed by LACoFD on or prior to 1996 you receive a $244.00 medical
benefit toward your monthly retirement allowance. If after 1996, you are not
eligible.
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Uniform
allowance $1,000 annual
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Monthly
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Extra
bonus (language, special PM)
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Monthly (Not already
calculated into your monthly salary)
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Extra bonus not
calculated
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Monthly If you only know the annual
payment enter it here :
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Then enter :
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into the monthly box at left.
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Total monthly salary
at retirement :
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: Annual base salary at retirement with all bonuses.
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Ventura Decision Buy Backs
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How many SICK days
(S) do you plan to buy back?
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Maximum 3 shifts
(decimal) :
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Remember to complete sick sell / buy back forms -
NOT automatic.
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1 1/2 in
January, and 1 1/2 in July. Note : You
cannot take any SICK days (S) or (SP) 6 months prior to a buy back date.
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See
Ventura Usage chart
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40 Hour Notes
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Sick Time buy back
(monthly salary) :
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Benefit hours for 40 hour employees are
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How many HOLIDAY
days (F) do you plan to buy back?
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divided by 16 to equal 1 shift.
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Maximum 5 1/2 shifts (decimal) :
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Enter your hours below for conversions
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Must have 16 1/2
Holiday days (F) on record to take full advantage of Ventura Benefits.
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Sick hours :
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=
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If less than 16 1/2
(F) days, only those in excess of 11 (F) days may be cashed in.
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Holiday
hours :
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=
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Vacation
hours :
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=
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Holiday Time buy
back (monthly salary) :
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Required Sick hours to sell back max is 96. Must sell
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How many VACATION
days (V) do you plan to buy back?
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48 hours in January and July. Remember you are paid
for
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Maximum 10 shifts
(decimal) :
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half (1/2). Must complete paperwork. See above for
further.
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Must have 30
Vacation days (V) on record to take full advantage of Ventura Benefits.
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If less than 30 (V)
days, only those in excess of 20 (V) days may be cashed in.
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Holiday max hours carry over = 176. Must have 264 to sell
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back 88 hours or 5 1/2 shifts automatically in
January.
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Vacation Time buy
back (monthly salary) :
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Vacation max hours carry over = 320. Must have 480
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Click here for note regarding
MAX CARRYOVER HRS.
Note : Max
carry over hours refers to the amount you can carry from December 31 to
January 1 without being paid. Any amount over the max will be automatically
paid on the January paycheck. This is used for the Ventura payout. The
"Must Have" amount must be reflected on the December 15 paycheck
prior to the carry over to be used for the Ventura payout.
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to sell back 160 hrs or 10 shifts automatically in
January.
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The numbers below are
used to determine your monthly pension. They would be your monthly salary at
retirement if you continually earned 100% your salary plus the buy back
amounts. But we don't, so just admire them. These are used for calculations
only.
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Monthly salary with
FLSA, Medical and Bonuses : (No FLSA if 40-hr)
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Monthly salary with
FLSA, Medical, Bonuses, Sick buy back :
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Enter these
values / salaries at LACERA's website (www.lacera.com), retirement calculator
to compare. They will be a few dollars off from the figures below but should
be very close.
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Monthly salary with
FLSA, Medical, Bonuses, Sick, Holiday buy back :
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Monthly salary with FLSA, Medical, Bonuses, Sick, Holiday,
Vacation buy back :
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Below are your estimated retirement monthly salaries based on
your age at retirement and years of service. Using the current service credit
of 2% at 50 through 2.620% at 55 calculations.
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Enter AGE at Hire / Employment :
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** Note - All buyback
years are calculated to reduce your hire age, NOT to increase your retirement
age.
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Enter AGE at
retirement :
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Below is
the percentage of how your retirement is calculated at your retirement
age. This is why you should wait until
55 to retire. Play with the retirement ages at left to see the difference.
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Number of YEARS of
SERVICE :
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Age
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50
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51
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52
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53
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54
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55
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Percentage
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2.00%
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2.10%
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2.216%
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2.338%
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2.467%
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2.620%
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Percentage for
retirement calculation :
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Click here for a Month-based Age Conversion Chart
| Age Conversion |
| Month |
Decimal |
| 1 |
0.08 |
| 2 |
0.17 |
| 3 |
0.25 |
| 4 |
0.33 |
| 5 |
0.42 |
| 6 |
0.50 |
| 7 |
0.58 |
| 8 |
0.67 |
| 9 |
0.75 |
| 10 |
0.83 |
| 11 |
0.92 |
| 12 |
1.00 |
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Percentage of
salary for retirement :
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Maximum percentage of retirement is 100% before
Ventura Benefits.
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#1 - Retirement
MONTHLY salary (No extras) :
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Which is
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of base salary.
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#2 - Retirement
MONTHLY salary (with FLSA, Bonuses, Medical) :
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Which is
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of base salary.
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#3 - Retirement
MONTHLY salary (with FLSA, Bonuses, Med, SICK) :
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Which is
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of base salary.
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#4 - Retirement MONTHLY salary (with FLSA, Bonuses, Med,
SICK, HOLIDAY) :
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Which is
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of base salary.
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#5 - Retirement
MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY, VACATION) :
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Which is
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of base salary.
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Cal PERS Info
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Are you a Cal PERS recipient?
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Total Monthly
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Percentage of Base
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Cal PERS contribution
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Cal PERS years :
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Line #1
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+
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=
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Line #2
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+
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=
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What retirement % :
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Line #3
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+
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=
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Line #4
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+
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=
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Total Cal PERS % contribution :
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Line #5
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+
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=
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| |
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Click here for note regarding Cal PERS and LA County percentages.
Note - Cal PERS and LA County percentages may not appear to add up. They are a comparative to the Monthly Base Salary on line 1 (one) which does not include Ventura Benefits. Concentrate more on the dollar ($) amount not the percentages (%). The percentage (%) is there for an idea only.
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Below are calculations to estimate the last / final
year pay off of excess benefit days.
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How many excess SICK (S) days will you sell back?
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SICK day pay off :
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Note : These are
paid 1/2 time only.
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Maximum 90 sick
days.
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How many excess HOLIDAY (F) days will you sell back?
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HOLIDAY day pay off :
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Maximum 11 Holiday
days (F). You must have 11 (F) days to
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take full advantage
of Ventura Decision buy back of 5 1/2 days.
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The remaining 11
days will be bought back here.
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How many excess
VACATION (V) days will you sell back?
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VACATION day pay off :
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Maximum 20 Vacation
days. You must have 20 (V) days to
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take full advantage
of Ventura Decision buy back of 10 (V) days.
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The remaining 20
(V) days will be bought back here.
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Total excess day pay off :
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Widow Benefits
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Yes, this is what your spouse gets when you die.
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Service Retirement
(non-injury)
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Retired after June 4, 2004 65% of salary
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Retirement MONTHLY salary (No extras) :
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Retirement MONTHLY salary (with FLSA, Bonuses,
Medical) :
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Retirement MONTHLY salary (with FLSA, Bonuses, Med,
SICK) :
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Retirement
MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY) :
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** To
increase your spouse's monthly income, you may opt for the new
Unmodified+Plus retirement plan available from LACERA. It slightly lowers
your monthly retirement income while you are alive, but remains basically the
same upon your passing. Check LACERA's website for more information at www.lacera.com
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Retired prior to June 4, 2002 60% of salary
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Retirement MONTHLY salary (No extras) :
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Retirement MONTHLY salary (with FLSA, Bonuses,
Medical) :
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Retirement MONTHLY salary (with FLSA, Bonuses, Med,
SICK) :
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Retirement
MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY) :
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*** You must be married at least 1 year prior to
retirement for your spouse to qualify for these retirement benefits.
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Service DISABILITY
Retirement (injury)
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A portion (up to 100%) of your retirement may be tax
free.
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The benefit is, when you die, your spouse continues
to get 100% of your retirement amount.
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See figures on page 2 for details.
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Medical / Dental / Vision
Benefits
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Medical / Dental /
Vision Benefits
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Retirees receive 4% of Bench Mark medical payment
each year of employment. Employees must have worked 10 years to receive
benefit.
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10 years of service credit, LACERA pays for 40% of
medical (Bench Mark)
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At 25 years of service credit, LACERA pays for 100%
of medical (Bench Mark)
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Currently the Bench Mark is Blue Cross I or II
(medical) and CIGNA Dental/Vision.
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Medical retiree ONLY
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Dental/Vision retiree only
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Medical retiree and
children
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Dental/Vision retiree and dependents
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Medical retiree and
spouse
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Medical retiree, spouse,
and dependents
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Below are percentages of monthly retirement income
added to medical / dental / vision payments.
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These are just for information. You will not
receive this amount, but it shows what you actually make
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in monthly retirement income because you do not pay
for medical / dental / vision out of pocket.
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Based on LA County Retirement only.
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Retiree, Children &
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Retiree Only
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Retiree & Children
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Retiree & Spouse
|
Spouse
|
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Retirement MONTHLY
salary (No extras) :
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Retirement MONTHLY
salary (with FLSA, Medical) :
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Retirement MONTHLY
salary (with FLSA, Med, SICK) :
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Retirement MONTHLY
salary (with FLSA, Med, SICK, HOLIDAY) :
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Retirement MONTHLY
salary (with FLSA, Med, SICK, HOLIDAY, VACATION) :
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NOTE :
Medical, Dental, and Vision benefits are not pensionable. If your plan
exceeds the Bench Mark payments, you are responsible to pay the
difference. If your plan is less than
the Bench Mark payment, you do NOT receive the extra cash.
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Most firefighter series personnel that retire,
choose to adopt Local 1014 Medical Insurance and LACERA Dental / Vision
Insurance.
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You must
have had at least 5 years in Local 1014 Medical Plan prior to retirement to
adopt Local 1014 as your insurance plan at retirement.
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*** Note - ARC (Additional Retirement Credit) does
not count towards years of service for Medical / Dental benefits.
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Cost of Living Benefits
|
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|
|
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Cost of Living
Increase
|
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April 1 each year.
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Plan A members receive a 3% COL
increase.
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Plan B members receive a 2% COL
increase.
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Note : COL
is based on the Consumer Price Index (CPI) and may increase or decrease each
year based on projections. Although, historically it continues to increase.
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Cost of living pay increase monthly salary
calculation
|
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Retirement Raise
Calculator - Los Angeles County Pension (not including Cal PERS)
|
|
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|
|
Annual Cost of Living raise % :
|
|
|
Note - LA
County does not utilize a true % when raises are calculated, therefore the
amount calculated will be slightly different (within a few cents to a few
dollars) from the actual payout.
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|
Number of years to calculate :
|
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|
#1
- Retirement MONTHLY salary (No extras) :
|
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in
|
|
years
|
|
|
|
|
|
|
|
years
|
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|
#2
- Retirement MONTHLY salary (with FLSA, Bonuses, Medical) :
|
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|
in
|
|
years
|
|
|
|
|
|
|
years
|
|
|
#3
- Retirement MONTHLY salary (with FLSA, Bonuses, Med, SICK) :
|
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|
|
in
|
|
years
|
|
|
|
|
|
|
years
|
|
|
#4
- Retirement MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY) :
|
|
|
in
|
|
years
|
|
|
|
|
|
|
years
|
|
|
#5
- Retirement MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY,
VACATION) :
|
|
in
|
|
years
|
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Retirement Raise
Calculator - Cal PERS Contact
Cal PERS (888) 225-7377
|
|
|
|
|
Please complete LA County Retirement Raise
Calculator also - Above
|
|
|
|
Annual Cost of Living raise % :
|
|
|
Cal PERS normal COLA is 2%.
|
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|
Number of years to calculate :
|
|
|
Cal PERS Contribution
|
|
|
|
Total Monthly
|
|
|
|
|
|
|
|
#1
- Retirement MONTHLY salary (No extras) :
|
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#2
- Retirement MONTHLY salary (with FLSA, Bonuses, Medical) :
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#3
- Retirement MONTHLY salary (with FLSA, Bonuses, Med, SICK) :
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#4
- Retirement MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY) :
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#5
- Retirement MONTHLY salary (with FLSA, Bonuses, Med, SICK, HOLIDAY,
VACATION) :
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Future Pay Scale
Calculator
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Annual Raise amount %:
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Note - LA
County does not utilize a true % when raises are calculated, therefore the
amount calculated will be slightly different (within a few cents to a few
dollars) from the actual payout.
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Number of years to calculate :
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Total Monthly Base Salary :
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You may use
this salary to calculate retirement wage in the future. Just insert this
figure / amount into the top line of the program (Base Monthly salary).
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Total Annual Base Salary :
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