Retirement

Your agency's contract may be amended to provide additional benefits to your employees. School districts must work through the county schools to amend their contract.

Before amending your contract, learn about any changes to optional contract provisions, the various benefit options available, and estimated cost information. Schools can refer to the Public Agency & Schools Reference Guide (PDF, 4.48 MB) for their optional benefits.

For employees who aren't covered by Social Security, learn about the 1959 Survivor Benefit Program.

The Public Employees' Pension Reform Act of 2013 (PEPRA) mandated all contracting agencies provide the following benefit formulas to their employees.

Miscellaneous Formula

  • 2% at 62 (Government Code Section 7522.20)

Safety Formulas

  • 2% at 57 (Government Code Section 7522.25)
  • 2.5% at 57 (Government Code Section 7522.25)
  • 2.7% at 57 (Government Code Section 7522.25)

Health

If your agency would like to make changes to its monthly employer health contribution, add or remove an optional provision such as vesting, or terminate its health contract, email the CalPERS Health Contracts Unit.

Amendment Process

It takes approximately 90-120 days to complete an amendment to the contract. A CalPERS employer representative will provide the necessary documents for adoption by your agency's governing body. All requirements and procedures will be outlined in a cover letter sent with the documents. Review the Contract Amendment Procedures (PDF) to see how to request an actuarial valuation or amend your contract.

For more information about amending your contract and for details on optional benefits, refer to your Public Agency & Schools Reference Guide, the California Public Employees' Retirement Law (PERL), or call us at 888 CalPERS (or 888-225-7377).



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