CalPERS

Optional Benefits

There are different contract options you may choose to offer your employees. The Optional Benefits Listing (PERS-CON-40) gives information about each of the options available. A Circular Letter announces when the listing is updated and available online.

For additional information about amending your contract, refer to your CalPERS Public Agency & Schools Reference Guide, the Public Employees' Retirement Law (PERL), or Contact Us.

Circular Letter about Contract Amendments (PDF, 61 KB)

This Circular Letter contains details about any new optional contract provisions or changes in valuation methods, as well as an explanation of the processes for requesting actuarial valuations and contract amendments and any fees involved.

CalPERS Guide to the Optional Benefits Listing (PDF, 111 KB)

Refer to this guide for an at-a-glance look at available optional benefits.

Optional Benefits Listing (PERS-CON-40), (PDF, 131 KB)

Find out what optional benefits are available and estimated cost information for each.

Contract Amendment Procedures (PERS-CON-41) (PDF, 46 KB)

Learn the process to amend your contract. Information about requesting an actuarial valuation is also explained.

1959 Survivors Benefits Contract Program

This benefit option can be offered to your employees who aren't covered by Social Security. It provides a monthly allowance to survivors of members who die before retirement.

Two Years Additional Service Credit

This option may be used due to impending mandatory transfers, layoffs, or demotions.

Risk Pooling

When risk pools are implemented at CalPERS each optional benefit will be assigned to one of three classifications. Learn more about Risk Pooling and optional benefits classification here.

Dated: 06-29-2012