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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.
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.
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.
RETIREMENT FORMULAS AND BENEFIT FACTORS. The chart below shows how the benefit factor increases for each quarter year of age from 52 to 67. 2% at Age 62 Benefit Formula. Minimum Age for Retirement 52 Membership Date on or After January 1, 2013. Age.
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. The chart on the next page shows the percentage of final compensation you will receive.
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%.
