Benefits

CalPERS Member Benefit Formulas

State miscellaneous members are those who are employed by the state and the CSU (faculty and staff), who are not involved in law enforcement, fire suppression, the protection of public safety, or a position designated by law as industrial,  patrol, peace officer/firefighter, or safety.

Your formula is based on your CalPERS membership date and your CSU hire date, as follows

Retirement Benefits Chart (for all but Public Safety employees*)

Retirement Benefits Chart

 

PEPRA Membership

Classic Membership

Employment and Membership**

Hired by state and new CalPERS member on or after January 1, 2013.

Hired by state and new CalPERS member between January 15, 2011 and December 31, 2012

Hired by state and new CalPERS member prior to January 11, 2011

Retirement Formula

2%@62

2%@60

2%@55

Highest Benefit Factor

2.5%@67+

2.418%@63+

2.5%@63+

Vesting***

5 years

5 years

5 years

Age Retirement to Retire

52

50

50

Salary used to calculate retirement

Average highest 36 months (subject to cap)

Average highest 36 months

Average highest 12 months

*Public Safety employees should contact the benefits office for detailed information.

**There are exceptions to CalPERS membership benefit formula eligibility for employees with previous public agency or reciprocal agency employment.

***Historically, enrollment into retiree health and dental coverage for all CSU employees has been tied to an employee’s ability to retire from the CSU. Employees can retire as early as age 50 with five years of service credit unless all service was earned on or after January 1, 2013. Employees hired on or after January 1, 2013, must be at least age 52 to retire subject to the Public Employees’ Pension Reform Act (PEPRA). The change in vesting for certain new employees means that retirement eligibility is no longer tied to eligibility for health and dental coverage for these employees.

New employees hired by the CSU for the first time into CFA (Unit 3) who first become CalPERS members on or after July 1, 2017. Both must happen on or after July 1, 2017.

  • Employees working for the CSU prior to July 1, 2017, who become CalPERS members after July 1, 2017, are not subject to the new 10-year vesting period.
    • Prior state employment (non-CSU) is not considered “CSU” employment.
  • New employees hired by the CSU for the first time on or after July 1, 2017, but who had prior CalPERS membership are not subject to the new 10-year vesting period.
    • Government Code References: 22874.6 (Health) and 22958.3 (Dental)
  • New employees hired by the CSU for the first time into a non-represented position (M98, M80, C99 and E99), UAPD (Unit 1), CSUEU (Units 2, 5, 7, 9), APC (Unit 4), Teamsters 2010 (Unit 6) and IUOE (Unit 10) who first become CalPERS members on or after July 1, 2018. Both must happen on or after July 1, 2018.
    • Employees working for the CSU prior to July 1, 2018, who become CalPERS members after July 1, 2018, are not subject to the new 10-year vesting period.
    • Prior state employment (non-CSU) is not considered “CSU” employment.
  • New employees hired by the CSU for the first time on or after July 1, 2018, but who had prior CalPERS membership are not subject to the new 10-year vesting period. Government Code References:
    • Non-Represented Employees - 22874.6 (Health) and 22958.3 (Dental); Represented Employees (except Unit 3) - 22874.7 (Health) and 22958.4 (Dental) 

View your retirement benefit formula chart (2% @ 62, 2% @ 60, or 2% @ 55) in this publication:  State Miscellaneous & Industrial Member Benefits.  Employees uncertain of their benefit formula can contact CalPERS at 888 CalPERS (or 888-225-7377).

Public Safety

Employees involved in law enforcement, fire suppression, the protection of public safety, or a position designated by law as industrial, patrol, peace officer/firefighter, or safety should contact the campus benefits office for detailed information.  Some formulas have maximum pension benefit caps of 80% or 90% of your final compensation.

Employees should refer to your CalPERS Annual Member Statement to verify your retirement formula(s) and you can view the applicable retirement benefit formula chart in one of the membership benefit publications below (depending on your formula). Employees uncertain of their benefit formula can contact CalPERS at 888 CalPERS (or 888-225-7377).

If you have safety service with multiple employers and under different safety formulas, there could be more than one maximum benefit cap applied to your retirement allowance. Contact CalPERS for more information should you have safety service with multiple employers under different formulas.