2026 Annual Invoice for Internal Revenue Code (IRC) 415(b) Replacement Benefit Fund (RBF)

December 8, 2025
Circular Letter: 200-051-25
Topic: Retirement Benefits

To: All CalPERS Employers

Purpose

The purpose of this Circular Letter is to inform you of the 2026 IRC 415(b) annual dollar limit. The 2026 limit has been increased from $280,000 to $290,000 for retirees aged 62 or older. The annual limit is reduced for people who retire under the age of 62.

Annual Invoice

Annual invoices for the 2026 calendar year will be issued in December 2025. Although the due date is 30 days after the invoice is issued, payments must be posted no later than January 5, 2026, for members to receive a Replacement Benefit Plan warrant dated January 31, 2026. We recommend paying your invoice before this date to ensure your retiree(s) receive their first payment on time, with no delay in monthly benefits.

You may access the RBF Invoice Detail Report in your myCalPERS business partner account via the Cognos reporting tool for additional information.

Replacement Benefit Fund Contact Type

Your agency's system access administrator (SAA) is responsible for maintaining your agency’s contact information in myCalPERS. To provide a higher quality of service to our business partners and their former employees, the California Public Employees’ Retirement System (CalPERS) requests that your SAA create an RBF Administrator “primary” contact type. Creating and maintaining an RBF primary contact type will ensure Replacement Benefit Plan updates are communicated to the correct point of contact. Keeping this information current enables CalPERS to communicate accurately and effectively with your agency.

Additional Resources

To learn how to access and use Cognos reports, refer to the myCalPERS Employer Reports (Cognos) (PDF) student guide.

To learn how to create new and maintain existing contact types, access the myCalPERS System Access Administration (PDF, 1.8 MB) student guide.

For more information, refer to the Replacement Benefit Plan Fact Sheet (PDF).

Questions

If you have questions, call our CalPERS Customer Contact Center at 888 CalPERS (or 888-225-7377888-225-7377).

Kimberlee Pulido, Chief
Retirement Benefit Services Division