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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.
If you don’t know your retirement formula (or formulas from your past employment), you can log in to your myCalPERS account to see your formula on the home page under CalPERS Account Summary. You can also ask your employer.
Log in to your myCalPERS account to get started. What’s the best day to retire? For each person, that magic date varies. There are three dates that may have a financial impact: fiscal year, birthday quarter, or cost-of-living adjustment (COLA). You’ll want to pick the one that best suits your needs:
• Update your designation through my|CalPERS • Obtain Active Member Beneficiary Designation Form – CalPERS On-Line – Your personnel office
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.
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. Exact Year.
