Αποτελέσματα Αναζήτησης
Log in to your myCalPERS account at my.calpers.ca.gov for information on determining which formula applies to you. You can refer to your CalPERS Annual Member Statement to verify your retirement formula. If you have questions, call us at 888 CalPERS (or 888-225-7377).
12 Δεκ 2022 · To see your benefit factor for each quarter year of age, choose your retirement formula below. Each PDF includes two charts. The first chart shows how the benefit factor increases for each quarter year of age. The second chart shows the percentage of final compensation you will receive.
Most state and all school agencies contract for a 2% per year COLA, and public agencies can contract for a 2%, 3%, 4%, or 5% per year COLA. If the rate of inflation since retirement is higher than the employer contracted COLA percentage, by law, we must apply the lessor of the two. Social Security Administration COLA compared to CalPERS COLA
Once you know your retirement formula, go to our Benefit Factor Charts webpage to select the chart for your formula (you can view, print, or save your PDF document). You’ll see how your benefit factor increases for each quarter year of age, and the percentage of final compensation you will receive.
CalPERS Retirement Formulas. Your benefit factor is the percentage of pay to which you are entitled for each year of service. It’s determined by your age at retirement and the retirement formula based on your membership date with each employer.
Birthday quarter – For example, based on the classic 2% at 55 formula, you’re eligible to retire at age 50 with a multiplier of 1.1. That multiplier increases every three months after your birthdate; at age 63 it reaches the maximum of 2.5%.
Employer and System Impact. Benefit Formulas (PEPRA) CalPERS will work with employers to update the employers’ contract(s) either at the time of a future amendment or as soon as practicable. It will take approx. two years to complete the update process for all employers.
