Retirement Benefits
Service Retirement Allowance
(including those who established CalPERS membership prior to January 1, 2013, and who are hired by a different CalPERS employer after January 1, 2013, after a break in service of greater than six months.)
- 2.7% @ age 57 (2.0 % @ age 50) retirement formula (multiply percentage by service years)
- Average of Three-year (36 months) final compensation.
- $146,042 cap on pensionable salary with Social Security (adjusts with inflation)
- $175,250 cap on pensionable salary without Social Security (adjusts with inflation)