Judges' Retirement System Retirement Benefits
Administered by CalPERS, the Judges' Retirement System (JRS) was established in 1937 and covers Supreme and Appellate Court justices, Superior Court judges, and Municipal Court judges appointed or elected prior to November 9, 1994. (Since all counties have consolidated their Municipal Courts with their Superior Courts under Proposition 220, there are no longer active Municipal Court judges.)
The JRS offers a "defined benefit" plan which provides benefits that are calculated using a defined formula, rather than contributions and earnings to a savings plan. Retirement benefits are based on a percentage of current salary of the last judicial office held. The percentage is based on the member's years of service and age at retirement.
There are three types of retirement offered:
- Service retirement or "normal" retirement
- Deferred retirement for those members who retire before the eligible age, but do not receive benefits until eligibility age is reached
- Disability retirement for members who can no longer perform their jobs due to illness or injury.
The JRS also provides death benefits for active and retired members paid to eligible beneficiaries or survivors, and health coverage through the CalPERS Health Program.