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Dec 12, 2022 · 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’re not sure of your retirement formula, refer to your CalPERS Annual Member Statement or check with your personnel office.
- Service Credit
You earn service credit for each year or partial year you...
- Deferred Compensation
The CalPERS Supplemental Contributions Plan (SCP) is an...
- CalPERS
The minimum retirement age for service retirement for most...
- Service & Disability Retirement
Use the Retirement Estimate Calculator to get an idea of...
- Death Benefits
CalPERS members are eligible for various death benefits....
- Retirement Formulas and Benefit Factors
We have included two charts related to the state...
- Retirement Benefits
Service credit is the time you accrue while on the job under...
- Retirement
Use the Retirement Estimate Calculator to get an idea of...
- Service Credit
- 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.
For more than nine decades, we’ve built retirement and health security for California’s public servants. We serve more than 2 million members in the retirement system and more than 1.5 million members in the health program. Retirement Benefits. We know that retirement from your working career is one of the most important decisions in your life.
People also ask
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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%. In this example, if you’re under 63, a birthday quarter may help to increase your benefit payment.
