[3][4] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits,[5] and over $9.74 billion in health benefits. [6] CalPERS manages the largest public pension fund in...
Find information on CalPERS retirement benefits, including deferred compensation, refunds, reciprocity, and service credit.
CalPERS builds retirement and health security for California state, school, and public agency members. We manage the largest public pension fund in the US.
Your CalPERS Benefits Planning Your Service Retirement learn thrive prepare Will you be ready for retirement? Retirement from your working career is one of the most important decisions of...
Learn how the Public Employees' Pension Reform Act of 2013 (PEPRA) alters the way CalPERS retirement and health benefits are applied, among other changes.
Learn about the CalPERS retirement benefits available for your employees, including the three basic types of retirement and how benefits are calculated.
CalPERS builds retirement and health security for California state, school, and public agency members. We manage the largest public pension fund in the US.
1 Or More Years Before Retiring ; Watch our Planning Your Financial Future video series. Financial security helps ensure you have enough money for the retirement lifestyle you want. ; Use our Planning Your Financial Future Checklist as a guide. ; Visit the Social Security & Your CalPERS Pension page to learn how your Social Security benefits may be affected. ; Estimate the cost of purchasing additional service credit using our Service Credit Cost Estimator. If you submit a request for cost to purchase service credit, we'll provide you with a cost election package and a timeframe for you to respond. You must respond within the specified timeframe to purchase the service credit. We must receive your election form to purchase service credit in advance of your retirement date. Election form(s) received after your retirement date will not be accepted.
How CalPERS Retirement Benefits Work The longer you work in a CalPERS school position, the higher your pension will be. Since CalPERS is a defined benefit plan — which means the...
Learn the benefits of designating a CalPERS Special Power of Attorney.