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Plan for Your Retirement Future With a Free and Secure my Social Security Account. Find Out How Your Age, Date, and Estimated Future Income Affect Your Benefit Estimates.
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Dec 12, 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.
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Oct 11, 2023 · Updated: October 11, 2023. Find information on CalPERS retirement benefits, including deferred compensation, refunds, reciprocity, and service credit.
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.
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What should I know before retiring from CalPERS?
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How do I see my benefit factor for each quarter year?
- Know Your Numbers
- Find Your Benefit Factor Chart
- Log in For Your Personalized Estimate
If you don’t know your retirement formula (or formulas from your past employment), you can log in to your myCalPERSaccount to see your formula on the home page under CalPERS Account Summary. You can also ask your employer. Your employer can also tell you if you have a 12-month or 36-month final compensation period.
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. If you have multiple retirement formulas from diff...
Do you want a detailed retirement estimate that uses data your employer already reported to CalPERS? Then log in to your myCalPERSaccount to estimate your pension amount for different retirement options. You can generate a variety of scenarios and save them in myCalPERS for future reference.
Learn more about your retirement plan and how to maximize your benefits by using any of our retirement planning resources: Calculate your retirement benefit with our retirement estimate calculator; Understand your benefit factors by viewing the benefit factor charts; Read our publications, like Planning Your Service Retirement (PUB 1) (PDF)
Visit our Benefit Factor Charts to view a complete breakdown of the benefit factors available across retirement ages and years of service. Our Planning Your Service Retirement (PDF) guide provides a detailed glimpse of how your benefit factor contributes to your final pension amount. Classic or PEPRA Member.
The California Public Employees Retirement System (CalPERS) administers retirement benefits for state employees. Visit the CalPERS website.