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  1. 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.

  2. We have included two charts related to the state miscellaneous and industrial retirement formula 2% at 60. The chart below shows how the benefit factor increases for each quarter year of age from 50 to 63. The chart on the next page shows the percentage of final compensation you will receive.

  3. Reading the Retirement Formula Charts. We have included two charts related to the state miscellaneous and industrial retirement formula 2% at 62. The chart below shows how the benefit factor increases for each quarter year of age from 50 to 67.

  4. 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.

  5. Understanding the fundamentals of your CalPERS retirement benefits is a good first step toward a happy and fruitful retirement. This publication describes retirement benefits and retirement benefit formulas for local miscellaneous members.

  6. CalPERS is a defined benefit retirement plan. It provides benefits based on members' years of service, age, and highest consecutive 12 months or consecutive 36 months compensation. In addition, benefits are provided for disability, death, and to survivors or beneficiaries of eligible members.

  7. It’s simple to use the CalPERS Retirement Estimate Calculator to get an idea of what your monthly retirement benefit might be. If you use the calculator in your myCalPERS account, some of the fields will pre-populate from data your employer has already submitted.

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