Pension Benefits

CalPERS

Defined Benefit Plan - Formula Determined by Hire Date*

• 2% @ 55 Benefit Formula when hired on or before June 30, 2011
• 2% @ 60 Benefit Formula when hired between July 1, 2011, and December 31, 2012
• 2% @ 62 Benefit Formula when hired on or after January 1, 2013

* To be eligible for service retirement, you must be at least age 50 and have a minimum of five years of CalPERS-credited service. If you became a member on or after January 1, 2013, you must be at least age 52. and have a minimum of five years of CalPERS-credited service.

Forms required or necessary (download forms below)

Self Directed Investments

403(b) (Self-directed investments) Pretax payroll contributions

The following investment companies to choose from:

• ING Life Insurance and Annuity Company
• Primerica Shareholder Services
• Thrivent Financial for Lutherans
• American Funds Service Company
• Oppenheimer Funds
• TIAA-CREFF as Agent
• T. Rowe Price
• Fidelity Retirement Services

457(b) Sponsored through Pars (Public Agency Retirement Services)
(link to website PARS)

457(b) (Self-directed investments) Pretax payroll contributions

• With Sick / Vacation Conversion Feature Eligibility Requirements (see form below)
• Volutary Salary Deferal Eligibility Requirements (see form below)
• Particpant Directed Investment Program through John Hancock (see form below)
• Longevity Pay Plan available for employees hired on or after March 1, 2009 (see form below)
  
  

Pension Benefit Forms

This is a list of Pension Benefits Forms

Date	Description
11/7/2016	403(b) Tax Sheltered Annuity Program
10/21/2013	PARS 457 Voluntary Salary Deferral Agreement